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xendrik04
New Member

Why is the program listing my charitable donation carryover as property instead of cash and therefore to 50% not 60% of AGI?

I listed my charitable carryover in the program but it put them down as 50% instead of 60%. I looked at the carryover form and it doesn't have it in the cash space.

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1 Reply
TerryA
Intuit Alumni

Why is the program listing my charitable donation carryover as property instead of cash and therefore to 50% not 60% of AGI?

Charitable contribution carryovers retain their % limits for the year the contribution was made. So your 2017 (+ prior yr if any) cash contributions were limited to 50% and any carryover retains that 50% of AGI character.

See Example 1 under Carryovers (p18):

https://taxmap.irs.gov/taxmap/pubs/p526-005.htm#en_us_publink1000229824


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