Hi,

I got a noncash contribution with FMV of $84K , an adjusted basis of $3K and $19K depreciation recapture per sec. 1245., all recognize in the same tax year 2022.

Lacerte calculate the charitable contribution deduction as: full FMV x 50% of AGI with the balance carried forward.  I was expecting to be allowed only to the maximum original cost basis of $22K.

I would welcome educated comments.

Thank you

Diane