@norske52
You just indicate the Donor advised fund is a 50/60% charity in the follow-up question.
(The software only asks once as one of the follow-up questions, as to whether or not it went to any 30% fraternal orgs.....you need to say NO to that for a Donor Advised fund.....if you select the wrong one, you need to delete the donation entirely and start it over, so that the software asks again)
______________
In my Test 2023 tax return, I had an $85,701 AGI, & entered a donated $50,000 of appreciated stocks (long term), plus some $3k of cash. After answering all the follow-up stuff, and working all the way out to the main menu page....Then, in my 2023 desktop software, I switched to Forms Mode and saw that the 30% of AGI is calculated on the "Charity Limit 1" worksheet, lines 23-28 (with some math handwaving on those lines, due to the $3k of cash I had also donated to various charities), and the limited/allowed deduction value shows on line 27 and the unused carryover showing on line 28.
The resulting limit should also show up on the "Charity Contrib" worksheet, on line 2 of Part III.
_______________________
Yeah, I messed up the first time myself, indicating the donation was to a 30% charity, so I had to delete the donation entirely and re-enter it , indicating No to the 30% Fraternal question, to get it to calculate right.
A 50/60% charity is the generic designation you need to use, as-if you are donating cash.......but donating stocks is a somewhat hidden subset within the 50/60% charity area.....but you will designate it actually was a stock donation as a part of your donation entry, and the software takes it from there.
(When I had accidentally indicated a 30% charity, that ended up applying a 20% of AGI limit to the appreciated stock)
_____________________________________
I guess what can get mixed up to many/us:
1) 50/60% charity has that limit for cash, and has a 30% of AGI limit for LT appreciated securities as its own donation area subset.
2) A 30% Fraternal Org/charity has a 30% of AGI cash limit, and a subset at 20% of AGI for LT Appreciated securities.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
