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Get your taxes done using TurboTax
Thank you for your message.
There is no error message returned by the program. It appears to be a calculation error.
Once I enter all my Charitable Contributions, and designate them as 100/50% charities, I believe the program is making an error in the handling of these donations (current year) vs carryover. If I go to Charity Limit 2 form, it has included a deduction (for this year) from carryover deductions from previous years, and then limited my current year (100% AGI) deductions by that amount (on Charity Limit 1 form).
My understanding is that I should use all my deductions from the current year in a specific category first, before carryover deductions (Pub 526). If this conclusion is incorrect, then I would appreciate if someone would link to an appropriate IRS document.
Thanks.