topic 30% AGI for Donor Advised Fund with Mutual Fund in Deductions & credits

30% AGI for Donor Advised Fund with Mutual Fund

MABoyd58 — Mon, 09 Mar 2026 08:46:15 GMT

I gave cash to some charities, and I opened a donor advised fund using mutual funds. How does TT know to use the 30% of AGI for the donor advised fund portion? I used the stock option for the Donor advised fund, but do not know how to limit the amount--I need to identify it as a 30% charity.

Re: 30% AGI for Donor Advised Fund with Mutual Fund

ErnieS0 — Wed, 09 Mar 2022 03:55:46 GMT

If your charitable contribution is limited, You will see a screen called Donation Limits. TurboTax will ask you whether it's a:

100%/50% charity
60%/50% Charity, or
30% Charity (this is not common)

Chose 30%.

A 30% charity is one of the following:

-- Veterans' groups

-- Fraternal societies

-- Nonprofit cemetery corporations

-- Certain private nonoperating foundations

Your deduction is limited to 30% of your adjusted gross income for donations you make to these charities.

Re: 30% AGI for Donor Advised Fund with Mutual Fund

323buz — Mon, 11 Apr 2022 03:17:04 GMT

Hi, I am in the same situation. However, when I make the selections as instructed it limits my deduction to 20% of my AGI. I see this when I look below line 12 on the "Contrib Wks (Schwab Charitable)".

In my search for this situation, I found responses in this community as late March 15 2021 last year that this was a bug with TT. Has this been addressed?

Thanks