BillM223
Expert Alumni

Deductions & credits

No, the IRS is very explicit - eligible contributions MUST BE IN CASH (or cash equivalents like a check or credit card).

 

If you did not make any cash contributions in 2020, then you are not eligible for the above-the-line deduction.

 

P.S. this "quirk" is probably not going to be fixed, because TurboTax is not sure that you are taking the Standard Deduction until the Final Review. However, with all the last minute tax law changes happening, I can't speak to future years.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post