Mainecat
Level 3
10-22-2023
11:31 AM
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My research indicates that conservation easements should be allowed as a charity deduction up to 50% of AGI. When I enter it in the 2022 ProSeries on the Sch A as a Noncash Contribution and code "N" (real property, conservation), proseries is limiting the deduction to 30% AGI (not 50%). I get the same exact result (30% limitation) when I change the code to "O" (real property, other than conservation).
Am I wrong about the 50% AGI deduction for conservation easements or is there something else I need to be entering in proseries to have it use the 50% rather than 30% limitation.
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