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Retirement tax questions
This was a known error that has been corrected.
To enter the Charitable Contributions into Turbo Tax, follow these steps:
- Click on Deductions and Credits at the top of page.
- Select Review/Edit.
- Click Edit to the right of Standard Deduction, click OK.
- Click Wrap Up Tax Breaks.
- Click Continue.
- Make sure that amount is filled in and then click Continue.
- Click Let’s Keep Going.
If there is any issues, use the following workaround:
In TurboTax select Federal on left side panel.
- Select Deductions & Credits at the top of the page.
- Under Your Tax Breaks Scroll down to Charitable Donations.
- Click START to the right of Donations to Charity in 2020.
- Answer YES.
- Click ADD next to Money.
- Type in the name of the charity that you donated to.
- Type the amount of the donation.
- Select Done with Donation.
- Select Done.
The deduction will appear on Line 10B and in the Charitable Contributions screen.
February 15, 2021
10:20 AM