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Deductions & credits
Renee,
My issue is not with the $300 contribution matter, but with how TurboTax is calculating the current deduction of donated stock that has an appreciated value.
It appears the number calculated is not correct as the IRS has rejected my filing noting the reason was "Schedule A - Charitable Deduction Limits Hold Rule".
The "Fix it" feature gives me no direction as to what needs to be "fixed" in Schedule A, and the above donation is the only item that would trigger a limit on the amount to be deducted.
Can you provide other issues that can be a problem if my assumption about the cause for the rejection is wrong?
I see from messages from Cynthia66 that TurboTax is waiting for directives from the IRS on this issue of the limit calculation. Please let me know when that happens.
Thanks.