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us296645
New Member

Reporting a donation to a donor advised fund

I am entering a donation of appreciated stock to a DAF.   The tax deduction is supposed to be limited to 30% of AGI.    However, entering this into Turbotax, there are only 2 choices:   a 50% charity, or a non-50% charity.  When I choose "non-50%",  the amounts go into the 20% limit section of the Charitable Deduction Limits Worksheet, not the 30% section, and I can not take a deduction for this entire donation this year. Some needs to carry over to next year. 

 

Searching this community, I see that this question has been asked before, without a solution.   One answer was that this is a problem with the software that Turbotax is aware of and working on fixing.  The previous posts were from 2021!!!  Why, after 4 years, has this not been fixed??

 

It is not obvious how to enter this data into the 30% section.   When is Turbotax going to fix this?  

 

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1 Reply
SusanY1
Employee Tax Expert

Reporting a donation to a donor advised fund

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 (including the dash) 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”)


 

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