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Charitable Carry Forward Throws Balance Sheet Out of Balance
Turbo Tax Business 2023. Short version is this. Made a $31,512 charitable contribution and Turbo Tax says I can deduct $16,478 and carry over $15,034 to future years. No problem. Turbo Tax automatically enters $16,478 as charitable deduction. Problem is that $15,034 carryover is exactly the amount my balance sheet is out of balance. Turbo Tax offers no solution. Just says Form 1120, p 3-6: Schedule M1 Line 10 should equal Form 1120, page 1, Line 28. Help?
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‎April 12, 2024
11:37 AM