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gchris2000
New Member

Can I defer some of my carryover property donation deductions to a later year in order to get the full tax credit for purchasing an electric car? If yes, how do I do it?

 
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Opus 17
Level 15

Can I defer some of my carryover property donation deductions to a later year in order to get the full tax credit for purchasing an electric car? If yes, how do I do it?

You can't defer a carryover. If you don't use it when you're eligible to use it, you will lose it. 

*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*

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3 Replies
Zbucklyo
Level 9

Can I defer some of my carryover property donation deductions to a later year in order to get the full tax credit for purchasing an electric car? If yes, how do I do it?

What do you mean by your carryover property donation deductions?  Are you referring to charitable donations?  If so, you can only carryover charitable contributions to the amount allowed by law - you can't decide arbitrarily to carry them over.
gchris2000
New Member

Can I defer some of my carryover property donation deductions to a later year in order to get the full tax credit for purchasing an electric car? If yes, how do I do it?

These are real estate charitable donations that are being carried over from previous years since only a limited amount can be deducted in a given year. I still have a large amount of carryover from 2015 and 2016.
Opus 17
Level 15

Can I defer some of my carryover property donation deductions to a later year in order to get the full tax credit for purchasing an electric car? If yes, how do I do it?

You can't defer a carryover. If you don't use it when you're eligible to use it, you will lose it. 

*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*
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