I am self employed and I had a rough year this year and ended up with 0 taxable income. I did however make a number of charitable donations during the year, amounting to nearly 1500. TurboTax has selected standard deduction for me (though it wont matter since I have 0 taxable income). From what I understand I am able to carry over charitable contributions to the tax year if it was limited due to AGI. I have some questions on how to do this in turbotax however.
1) First of all, since turbotax is selecting standard deduction, do I have to switch it to itemized deductions? I have all my information itemized already, but it selected standard. Though it doesn't matter either way in regards to the tax.
2) Do I record the charitable donations on this years tax return AND next years? Or is there some other process I need to do in turbotax to do this carry over?
Thanks!!
Bob
