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My agi for 2017 was under $156,900, so cash charitable contributions were not limited but they exceeded my AGI by about $80,000. Can I carry that forward for 2018?
In 2017 I understood that contributions were not limited on Schedule A if your income was under $156,900, which mine was. So I was able to put the full contribution on my 1040. But this contribution exceeded my AGI by around $80,000. I have carried contributions forward in the past when they were limited by the AGI threshold but have never had the situation where my contributions brought my AGI below zero, so I am wondering if I can carry that $80,000 forward into 2018.
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‎June 1, 2019
11:29 AM