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donations with standard deduction (where do you put it

mickrhonda
Level 1
where do I enter the standard deduction charitable donation amount
0 Cheers

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8 Comments 8
George4Tacks
Level 15

Schedule A > Contributions > also look for a check box about your question. 


Answers are easy. Questions are hard!
itonewbie
Level 15

Morning, George.  The OP who uses Lacerte probably caught you at the early hours. 😉

The Lacerte equivalence is the Cash Contributions section of Screen 25.

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Still an AllStar
IRonMaN
Level 15

I've been meaning to ask you guys, what is on screen -1 in Lacerte? 😑


Slava Ukraini!
George4Tacks
Level 15
That's what I said, just not as eloquently. I will add this from the F1 help button
"1=deduct charitable contributions if taking the standard deduction
Schedule A Current Year Contributions Screen 25; Code 1420


Enter 1 to both force the standard deduction and to deduct the lesser of $300 or the amount of current year charitable cash contributions entered."

Answers are easy. Questions are hard!
itonewbie
Level 15

@IRonMaN wrote:

I've been meaning to ask you guys, what is on screen -1 in Lacerte? 😑


Theoretically, that should bring you to the home screen since -1 is technically 0. 😂

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Still an AllStar
IRonMaN
Level 15

I was just thinking about that when I saw this post because I just received my latest commission check from Intuit for $-1.


Slava Ukraini!
itonewbie
Level 15

I'd keep that if I were you.  Could be worth something, someday, as a rare collectible. /s

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Still an AllStar
abctax55
Level 15

One ( or -1 )  is the loneliest number.... 

HumanKind... Be Both