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New Member
posted Jun 4, 2019 4:52:42 PM

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

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1 Replies
Expert Alumni
Jun 4, 2019 4:52:43 PM

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.