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Level 3
March 16, 2022
Question

My clients gross income is $298,000 and the charitable contribution is $122,616 now it is limited to $89,585 what is the charitable limitation

  • March 16, 2022
  • 2 replies
  • 9 views
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2 replies

sjrcpa
Level 15
March 16, 2022

It depends.

Cash or noncash? If noncash, appreciated property?

Donated to private foundation? Donor advised fund?

The more I know the more I don’t know.
Just-Lisa-Now-
Intuit Community Champion
March 17, 2022

In the charity smart worksheet on Sch A, what do you have chosen in the TYPE column?  You may want to hit the yellow ? button on teh toolbar while your cursor is on that TYPE box and it will explain how the charitable contributions limitations work.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪