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Deductions & credits
This is a GREAT post. THANK YOU. However, I have the same question, for those using desk top versus On-Line versions of Turbo Tax. I was hammered when my 2021 return was adjusted by the IRS for a "calculation error" on my return. As a result of your post, I now understand what happened. Since I have used Turbo Tax for several years, my 2021 return showed NON-CASH carryover which I knew I had NEVER had. This handling of prior carryover (line 6 on Charitable Deduction Limits Worksheet For Carryover Contributions) by Turbo Tax, ,resulted in my 2021 deduction be be grossly overstated on my 1040 schedule A. How do I keep this form happening again on my 2022 return and later returns?
‎February 24, 2023
5:58 AM