- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
As far as I know you can't spread a gift out. There may be some tricky strategies with donor-advised funds or something else, that are beyond the scope of this forum.
Since this is capital gains property that has increased in value, your deduction is limited to 30% of your adjusted gross income (assuming you are donating to a "50% charity"). Any amount over 30% is carried over to next year. You must deduct the maximum allowed amount each year, you can't pick and choose how to deduct the donation.
Since this is capital gains property that has increased in value, your deduction is limited to 30% of your adjusted gross income (assuming you are donating to a "50% charity"). Any amount over 30% is carried over to next year. You must deduct the maximum allowed amount each year, you can't pick and choose how to deduct the donation.
‎June 5, 2019
11:41 PM