This is for my 2020 tax year, the notice number is CP11, I originally replied on May 8th, the IRS has not replied back but has sent 2 collection notices, I was given a second 9 week hold ("stay up") today. The accounts management agent on the phone today said that I needed to submit an amended return.
Per “2020 Instructions for Schedule A” line 11 (page 12)
“Qualified contributions are not subject to a limitation based on a percentage of adjusted gross income; however, certain limits may apply if your qualified contributions are more than the amount on Form 1040 or 1040-SR, line 11, minus all other allowable contributions. For details, see Pub. 526.
Include any contributions that you elect to treat as qualified contributions in the total amount reported on line 11. Indicate the election by also entering the amount of your qualified contributions on the dotted line next to the line 11 entry space.”
My contributions are all qualified but a note for this was not entered on Line 11 so the IRS refigured my taxes and limited my deduction. Recalculating my taxes while limiting my deductions and no other changes comes up with the IRS calculated taxes.
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