jerryp4nu
Level 1
12-07-2019
02:49 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
2018 Iowa is a non-conforming state. Iowa will allow an 80% deduction for charitable donations to University Foundations that go to athletic programs. How can I enter the donation so federal will not deduct but the state of Iowa will?
Best Answer Click here
Labels
taxiowa
Level 9
12-07-2019
02:49 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Just double click on line 14 Iowa Schedule A creating a statement. On statement line 1 type federal cash contributions and amount carried forward from feds. On 2nd line type Univ of Iowa @ 80% and the amount. You do the exact opposite for contributions such as STO's and IA Endow contributions which are deductible for federal but not Iowa. In those cases 2nd line amount would be a negative labeled "less IA STO."
jerryp4nu
Level 1
12-07-2019
02:49 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
When following the instruction above the state Schedule A for Line 14 shows the correct amount but the total for Line 17 states "Limited: which is the amount on the federal Schedule A Any other solutions .
IRonMaN
Level 15
12-07-2019
02:49 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Just entering it on the federal schedule A doesn’t accomplish the mission?
Slava Ukraini!