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bingoray
New Member

I have an error message on Form 1040 Worksheet, line 10b. At the top it says "Charitable contributions has an unacceptable value." I have $300 now. What do I put?

I have tried using $300, zero, and our actual charitable contributions of $2300.  I don't know what to do.  Help??
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3 Replies
JohnB5677
Expert Alumni

I have an error message on Form 1040 Worksheet, line 10b. At the top it says "Charitable contributions has an unacceptable value." I have $300 now. What do I put?

This is a situation that is known and has been reported. 

Clear the amount entered.

 

Here is the work around for claiming the $300 Charity Deduction:

  1. In TurboTax select Federal in the panel on the left
  2. Select Deductions & Credits at the top of the page
  3. Under Your Tax Breaks -
    1. Charitable Donations 
  4. Click START to the right of Donations to Charity in 2020
  5. Click YES
  6. Click ADD next to Money
  7. Type in the name of the charity that you donated to
  8. Type the amount of the donation
  9. Select Done with Donation
  10. Select Done

Now the $300 will appear on Line 10B and in the Charitable Contributions screen

 

CARES Act $300 charitable deduction

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John_Templin
Returning Member

I have an error message on Form 1040 Worksheet, line 10b. At the top it says "Charitable contributions has an unacceptable value." I have $300 now. What do I put?

I have filled out all my donations to Charity and the total shows up on the "Your 2020 Deductions & Credits". 

 

as I progress the sheet "Here are Your 2019 and 2020 Deductions & Credits" sheet shows the standard deductions but not the Itemized  deductions.

 

The next screen says "We've chosen Itemized Deductions for You"

When I go through the whole process I then get the following error

"1040/1040SR Wks: Charitable Contributions: Charitable contributions must be entered." then it leaves a blank to be filled in.  

 

when I go to the forms to look at the issue it leads me to 1040/1040SR Line 10b which is blank.

 

I am not sure how to fix this.

 

(I am using Turbo tax purchased at Costco and have run updates after installing it)

I have an error message on Form 1040 Worksheet, line 10b. At the top it says "Charitable contributions has an unacceptable value." I have $300 now. What do I put?

There is a known issue in the software due to the CARES Act allowing non-itemizers to get a $300 credit for charitable donations in 2020.  The workaround is to delete the $300 in the error check. Then go back to Deductions & Credits and enter the contribution there, in the Donations to Charity topic. Then click Done with Donations and proceed through the screens until you get to the screen that tells you that TurboTax has added in the contribution.

  

The contribution will be back on Form 1040 line 10b, but it won't be flagged as an error. It only gets flagged if you enter it when prompted after you finish Deductions & Credits and the software tells you that you are getting the standard deduction. It will not get flagged if you enter it in Donations to Charity.

 

If you are itemizing, the workaround is to make the software stop treating you as an itemizer, which it must in order to get this $300 credit for you.  Here's what to do:

 

  1. Delete the $300 in the error check.
  2. Then go back to Deductions & Credits and enter the contribution there, in the Donations to Charity topic.
  3. Then click Done with Donations and proceed through the screens until you get to the screen that tells you that TurboTax has added in the contribution.

 

 The contribution will be back on Form 1040 line 10b, but it won't be flagged as an error. It only gets flagged if you enter it when prompted after you finish Deductions & Credits and the software tells you that you are getting the standard deduction. It will not get flagged if you enter it in Donations to Charity.

 

The following is another set of instructions if the above isn't sufficient:

 

How do I handle multiple 1098 mortgage forms?

SOLVEDby TurboTax344Updated October 20, 2020

If you have multiple 1098 mortgage forms, you’ll enter them one at a time. After going through the steps with the first one, you can add a lender when you get to the Mortgage deduction summary screen. (In the case of a refinance, it's best to enter the 1098 from your original loan before the 1098 from your refinance.)

But, if they're both from the same lender, and one of them has the “Corrected” checkbox marked at the top, enter the corrected 1098 and discard or shred the other one.

Related Information:

 

From <https://ttlc.intuit.com/community/entering-importing/help/how-do-i-handle-multiple-1098-mortgage-for...>

 

Can I enter  multiple 1098s from different banks for a single property?

Yes, you can enter multiple 1098s from different banks for a single property.  Enter them one at a time. After going through the interview steps with the first lender, you can add the second one when you get to the Mortgage deduction summary screen.  In the case of a refinance, it's best to enter the 1098 from your original loan before the 1098 from your refinance.  This will help the software to recognize that the origination date of the loan is pre-2020.

 

That's important because as you mentioned, [only] the acquisition debt remains deductible.  The loan origination date section should present itself correctly when the software recognizes that you've entered two 1098 forms.  

 

Here's how to enter your mortgage interest statement in TurboTax:

  1. With your return open, search for 1098 and select the Jump to link in the search results.
  2. Follow the instructions to enter your 1098 info.

 As you go through the interview section for 'Federal Taxes'; 'Deductions & Credits' you will be prompted to enter information from Form 1098. 

After you enter the first 1098 you will be returned to a summary screen. 

Carefully read the summary screen, at the lower left corner of the summary table is a Blue button "Add a lender".

 

@John_Templin

 

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