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Deductions & credits
Appreciate the help, but here is what happens. For this example, Ky is the state
$50k donation, $10k state credit
1. All donations were appreciated stock. Tried to input a negative stock donation and Turbo ignored. Input negative cash of $10k and it ignores that also.
The only way I have been able to get correct number for Federal is override the total on Schedule A donations.
2. State is Ky - was finally able to get state to accept an adjustment to Schedule A, reducing donations by the $50k per example, but it is a workaround, not the real answer I think
‎February 19, 2025
3:25 PM