Answered: $300 charitable deduction

Shirley77 · ‎01-19-2021

Can the $300 charitable deduction for 2020 be taken if the donation was entirely QCD?

qbteachmt · ‎01-19-2021

That is a different type of donation and event. QCD means they don't have to report it as income. The above-the-line deduction means they get a deduction against what is reported as income. You can't take both, for that same $300.

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qbteachmt · ‎01-19-2021

That is a different type of donation and event. QCD means they don't have to report it as income. The above-the-line deduction means they get a deduction against what is reported as income. You can't take both, for that same $300.

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Don't yell at us; we're volunteers

$300 charitable deduction

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