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

lovemahal-1 · ‎03-16-2022

sjrcpa · ‎03-16-2022

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- · ‎03-17-2022

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♥¸¸.•*¨*•♫♪

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

©1997-2024 Intuit, Inc. All rights reserved.

Intuit, QuickBooks, QB, TurboTax, and Mint are registered trademarks of Intuit, Inc. Terms and conditions, features, support, pricing and service options subject to change without notice.

By accessing and using this page you agree to the Terms and Conditions.