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Hal-Boy
New Member

If I donate property appraised at $100,000 to "Kars for Kids" how many years could the deductions be used.

 
1 Reply
MinhT
Expert Alumni

If I donate property appraised at $100,000 to "Kars for Kids" how many years could the deductions be used.

You can carry over any charitable contributions you can't deduct in the current year because they exceed your adjusted-gross-income limits. You may be able to deduct the excess in each of the next 5 years until it is used up, but not beyond that time.


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