No, everything is working fine within Turbo Tax. I did a test scenario in my program by entering a donation and I was able to claim 100% of the donation. Several things may cause the discrepancy.
- Perhaps you had other itemized deductions that zeroed out your entire AGI. If so, there may be a carryover or your itemized deductions for next year..
- You can check this on line 14 of Schedule A. if it says limited, it means you are not able to claim the entire deduction this year but will carryover into next year.
- If this is the case, you will also have a Charity Limits worksheet in your list of forms underneath your donation. Line 28 of that form will show what is being carried over into next year.
- Perhaps your charity was not a qualified 100% charity. Please review this IRS link for more information.
[Edited 03-07-2021|12:17 AM PST]
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