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Charitable Carryovers from previous year and Taking the Standard Deduction
I donated more than 30% of my AGI of appreciated stock to a Donor Advised Fund in 2020. I understand the excess will carry over for 5 more years. If I don't have enough other deductions to itemize next year and take the standard deduction for 2021, will I be unable to deduct any of my charitable carryover for that year? And if not, will the charitable carryover continue to carryover until I am able to itemize within the next 5 years?
March 2, 2021
7:08 PM