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How are charitable deductions carryover calculated in KY. Figure from TurboTax is incorrect and don't know how to fix it.

Reviewing our KY State tax form, noticed yearly cash contributions carryover is wrong. How is it calculated?  I cannot find from any of the forms. I want to override the figure but not sure if that will correct the problem. The carryover in the Federal Return looks correct - but the KY State carryover is not correct. I do not want to submit with errors.

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1 Reply
Cindy0H
New Member

How are charitable deductions carryover calculated in KY. Figure from TurboTax is incorrect and don't know how to fix it.

The Kentucky charitable deductions carryover is limited according to your adjusted gross income. Your allowable Kentucky contributions are limited to the lessor of below:

your total contributions including carryover

or

50% of your Kentucky adjusted gross income (form 740 line 9)

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