- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
We got the letter from the IRS. They did not change our Adjusted Gross Income. They changed the charitable deduction down to 60%. IRS Publication 52 - in discussing the 100% limit for 2020 for cash contribution - states as a requirement that "The taxpayer elected to have this limitation apply to such contribution." TurboTax Deluxe did not have a question about selecting the limit. How do I know if our file was transmitted with the selection made? Turbo Tax online doesn't even recognize that we've already filed our return and the IRS accepted it!
May 10, 2021
2:24 PM