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Deductions & credits
Thanks for the response. I'm going to reword my question to get more at what I was wondering:
I donated more than 30% of my AGI of appreciated stock to the 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 in 2021 and take the standard deduction, will it still carryover into the following years within the range until I can itemize OR, since I used the standard deduction the in 2021 I won't be able to carry anything over to 2022 when I might be able to itemize?
March 3, 2021
10:41 AM