us00051
Returning Member

Deductions & credits

I checked the link you provided but could not find any information that directly addresses my concerns.  I am not sure I can deduct at a 100% level my carryover charitable contributions that were cash to qualified 50% limit organizations. I can not find anything in IRS publications that directly addresses that, but I was worried that the IRS citations from my previous post would forbid that. The TurboTax software appears to be allowing me to deduct my charitable carryover at a 100% level, but I would have thought the software would have allowed me only to deduct up to my AGI minus the other deductions I am able to take. The Turbo Tax software is deducting my carryover to the level of my AGI then adding on my other deductions so I have more deductions than my AGI. Thus I am concerned I am using more of my charitable carryover than I need to, and will 'lose it' for future years.