How can Turbo Tax identify a Foundation is private or public?

I donated stock to my private Charity Foundation, but Turbo Tax treats it as Public Foundation. How to fix it?

743

Expert Alumni

Apr 11, 2024 5:19:30 PM

Since you are using Turbo Tax online, you can change the percentage from 50% for a public foundation to 30%. There is a section in the return that addresses Donation Limits after you entered the stock donation. The screen looks like this.

Why sign in to the Community?

How can Turbo Tax identify a Foundation is private or public?