Hey I took a break but I’m back to finish my taxes. I’m not familiar with charitable carryover donations and I been donating for years now. charitable carryovers?

[roodyplaisime]

Also is consolidated 1099 the same as 1099 misc?

[LindaS5247]

If you had any unused charitable carryovers on last year's return, and you transferred that return information over to this year's TurboTax, you don't have to do anything.  It'll be entered by TurboTax for you.

In general, you can carry over your charitable contributions that you can not deduct in the current tax year because they have exceeded your adjusted-gross-income limits. You will be able to deduct the excess charitable contribution carry over in each of the next 5 years until it is all used, but not to exceed five years.

Your deduction for charitable contributions generally can't be more than 60% of your AGI.

A consolidated Form 1099 is not the same as a Form1099-MISC.

A consolidated Form 1099 combines multiple separate 1099 forms into one tax reporting document. On a consolidated Form 1099 you may see tax forms such as a 1099-B, 1099-DIV, 1099-INT, 1099-MISC, and 1099-OID. 

A consolidated 1099 tax form will show all of your income and transactions for the respective tax year.

Click here for "What is a 1099 consolidated tax statement?"

Click here for "How do I enter a charitable carryover?"

Click here for "Publication 526 (2024), Charitable Contributions"

[roodyplaisime]

Is it alright if I just left carryovers blank sense I cant figure out how to find that. And for 1099 misc if I don’t receive that than that mean I don’t have form 1099 misc?

[IsabellaG]

Unless you have some reason to believe that you have a charitable contribution carryover (you can look at last year's tax return and see if it contains a Federal Carryover Worksheet) then it's fine to leave carryovers blank. As LindaS5247 stated, if you used TurboTax to prepare your prior year returns, any carryover would come forward automatically. If you didn't receive a 1099-MISC, it's likely that you didn't receive any income that would require this form. If you received a Consolidated 1099, different categories of income will be spelled out on that form.

[roodyplaisime]

I google to see what carryover form look like. I check last year to see but I see nothing like it so I should be good leaving it blank since I believe im picking up tax from last year. It possible I used solated 1099 for 1099 misc last year. Should that be a concern?

[MonikaK1]

If you used TurboTax for your 2023 return and you had more charitable donations than you could deduct due to the AGI limitations, TurboTax should have transferred them to your current return if you transferred your 2023 data into your 2024 return. 

Otherwise, follow these directions to manually enter your charitable carryover in TurboTax Online:

1. Open (continue) your return in TurboTax
2. In the search box, type donations and then select Jump to donations in the search results
3. Answer Yes to Did you make any donations to charity in 2024? (even if the answer is no)
4. Answer No if you are asked if you have an ItsDeductible account (even if the answer is yes)
5. Answer No to the question Do you want to enter your donations for 2024?
   • If you see Review All Your Charities instead of this question, select Done with Charitable Donations

TurboTax Desktop has a button in the Charitable Donations section you can select if you need to manually enter carryovers.

See this help article for more information on charitable carryovers.

See this article also for more information on contributions.

Please clarify if you have a separate question involving Form 1099-MISC.