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Business & farm
Choosing the 30% charity: The figures go into the Charity Limit 1 worksheet, under section E "Contributions subject to the limit based on 20% of AGI" and the logic on line 36 makes the deductible amount 20%. Is this correct??
I've tried entering it choosing "I gave others rights" and the figures go into section D "Contributions subject to the limit based on 30% of AGI" and the deductible is now 30%.
So the question is whether the Turbo Tax logic is wrong when the question on a 30% charity goes to the 20% section of the form?
‎April 6, 2023
6:49 AM