My 2022 return contains the following charitable contributions:
24.1% of AGI as cash to 50% limit organizations - not limited
25.9% of AGI as capital gain property to 50% limit organizations - limited
4.1% of AGI as carryover from 2021 of capital gain property to 50% limit organizations - limited
Based on publication 526, I expected the carryover to be limited to 0%, not the 4.1% seen here. Worksheet "Charitable Deduction Limits Worksheet For Carryover Contributions" arrives at the 4.1%. I can't reconcile that worksheet's approach with publication 526. I also find the worksheet internally inconsistent; for example, line 24 is labeled "Add lines 6 and 7", but its value doesn't match that sum. Is TurboTax correct to use the 4.1% of AGI worth of carryover, or is this a bug? If TurboTax is correct, why?
Your token number is: 1074036