Dondrd
Returning Member

After you file

The past two years, IRS has corrected 1040 line 15 for they state "changed the amount claimed as total gifts to charity on your schedule A, itemized deductions, because it was figured incorrectly. or the amount was not limited based on your adjusted gross income". The amount of line 1040 -15 is "0" on the return. 

Reason I suggested 60% calculation for donations was that I noticed that there is a comment on Turbo Tax schedule A line 14 that has word "limited" printed. I thought I was to multiply this amount by the 60% and place it is 1040 line 15. It seems like the line is restricted to the calculation.

 

Thanks for the help.