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Can I deduct this charitable carryover listed on my 2016 turbo taxes as a 2011 charitable carryover to 2017of $117,000 when 2017 turbo tax only goes to 2012?

 
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rjs
Level 15
Level 15

Can I deduct this charitable carryover listed on my 2016 turbo taxes as a 2011 charitable carryover to 2017of $117,000 when 2017 turbo tax only goes to 2012?

No, you can't. A carryover of charitable contributions can only be carried forward for 5 years. That's why 2017 TurboTax only goes back to 2012. A charitable contribution carryover from 2011 can only be deducted in 2012 through 2016.

For more details about charitable contribution carryovers see "Carryovers" in IRS Publication 526. You can read it at the following link.

https://www.irs.gov/publications/p526#en_US_2017_publink1000229824

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1 Reply
rjs
Level 15
Level 15

Can I deduct this charitable carryover listed on my 2016 turbo taxes as a 2011 charitable carryover to 2017of $117,000 when 2017 turbo tax only goes to 2012?

No, you can't. A carryover of charitable contributions can only be carried forward for 5 years. That's why 2017 TurboTax only goes back to 2012. A charitable contribution carryover from 2011 can only be deducted in 2012 through 2016.

For more details about charitable contribution carryovers see "Carryovers" in IRS Publication 526. You can read it at the following link.

https://www.irs.gov/publications/p526#en_US_2017_publink1000229824

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