- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Doubtful. This year it would likely be a carryover of $12,000 since this is the first year. You can review the special limitations and go through the worksheet.
Publication 526 states:
You can deduct your contributions only in the year you actually make them in cash or other property (or in a later carryover year, as explained under How To Figure Your Deduction When Limits Apply, later). accounting.
You may be able to claim standard deduction in a year which has a carryover and there are special rules which are too complex for the IRS Pub 526 on Charity.
I am very sorry for your loss.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎April 14, 2023
1:54 PM