Does the 60% AGI limitation for cash charitable deductions in 2018 apply to appreciated property given to Donor Advised Funds or is the AGI limit 50%?

The contribution to a donor-advised fund is treated as a gift to a 501(c)(3) public charity, which means the charitable deduction is limited to 50% of Adjusted Gross Income (AGI) for cash gifts and 30% of AGI when donating appreciated securities (with a 5-year carryforward for unused amounts above the AGI .

I donated appreciated stock to a new donor advised fund.  I thought the 30% limit of adjusted gross income applied, but Turbo Tax is applying 20%.  Do I have an input issue?

Possibly. If you retained any control or attached conditions to the donations, instead of entering the stock as stock, select Items in the interview to provide additional details.

 

To access your charitable donations area, follow these steps:

• Once the left menu is there, select Federal
• Donations & Credits
• Donations to Charity in 2019
• Add another charity
• Items click Add
• I'll value them and follow through the rest of the questions 

To delete a prior entry, the steps are below:

• Once the left menu is there, select Federal
• Donations & Credits
• Donations to Charity in 2019
• At Review All Your Charities, click the Trash Can Icon next to the Charity to delete the entry

 

Click the link for IRS Publication 526 Charitable Contributions beginning on page 12 for Capital Gain Property that has increased in value.