I made charitable donations of highly appreciated stock to my college in both 2019 and 2020. $84,600 was carried forward (a.k.a. carryover) on my 2019 TurboTax Premier software to 2020. I entered that amount in the Step-By-Step directions on my 2020 TurboTax Premier in the "Capital Gain Property limited to 30% of AGI" field.
This year (2020) my contribution of highly appreciated stock was 95,000. By looking at the Charity Limit Worksheets and the "Charitable Contributions Summary" in TurboTax, I see that a portion of 2020's 95,000 was used and a portion carried forward. However, all of 2019 ($84,600) was carried forward to 2021. I am itemizing in both years.
Because charitable contributions can only be carried forward five (5) years, shouldn't it have used my 2019 carryover amounts first?
Thanks for any help.
