Charitable Contribution Carryover Seems Incorrect

[MarkLM]

I am using TurboTax Deluxe 2024 on a PC, data imported from TurboTax Home and Business 2023. From the 2023 return, I had a charitable contribution carryover of $1309.  

On the 2024 return Schedule A line 13, it shows a value of $2618 for the carryover value.  If I click on that field and then on the magnifying glass it takes me to the correct $1309 value on the carryover worksheet. So why is the value on Sch A line 13 recorded as double the actual carryover value? That does not seem correct and would certainly affect the tax calculation.

Thanks,

Mark

[MarkLM]

Anybody from Intuit/TurboTax have thoughts on this seeming error?

[MarilynG1]

I would like to take a deeper look at this. However, I need a diagnostic file which is a copy of your tax return that has all of your personal information removed. You can send one to us by following the  directions below: 

TurboTax Online:
 

1. Sign into your online account.
2. Locate the Tax Tools on the left-hand side of the screen. 
3. A drop-down will appear. Select Tools  
4. On the pop-up screen, click on “Share my file with agent.”
5. This will generate a message that a diagnostic file gets sanitized and transmitted to us.
6. Please provide the Token Number that was generated in the response.

TurboTax Desktop/Download Versions:
 

1. Open your return.
2. Click the Online tab in the black bar across the top of TurboTax and select “Send Tax File to Agent” *
3. This will generate a message that a diagnostic copy will be created.  Click on OK and the tax file will be sanitized and transmitted to us.
4. Please provide the Token Number that was generated in the response.  

*(If using a MAC, go to the menu at the top of the screen, select Help, then, "Send Tax File to Agent”)

@MarkLM 

[MarkLM]

@MarilynG1 

Thank you, I appreciate your time and response!

I have sent in the diagnostic file, the token number is 8829542-38636330.

Mark

[MarilynG1 · Accepted solution]

Thank you for sending your sanitized file. In reviewing your return, I believe this may be affecting you:

"If you had a net operating loss on last year's return and your charitable contributions were limited by adjusted gross income, you must recalculate the amount of contributions that are carried forward to this year. To do this, recalculate your last year's tax return without the net operating loss. Enter the recalculated charitable contribution carryover amounts shown on last year's Federal Carryover Worksheet, line 26 on this year's Federal Carryover Worksheet"

Based on that, removing the 1309 from the Carryover Worksheet, Line 26c (Capital Gains) will result in the 1309 amount carried over to your Schedule A, Line 13, for Charitable Carryovers.  This won't affect your Capital Loss Carryovers. 

Since this is a fairly unusual situation, the correction needs to be done manually in FORMS mode.

@MarkLM 

[MarkLM]

Thank you @MarilynG1 , I appreciate it!