Best Answer Click here
This discussion has been locked. No new contributions can be made. You may start a new discussion here
Susan pointed out "...Someone else reported a similar thing."
Meaning others have noticed that there's likely a bug.
Intuit has to deal with that; we are just volunteers & users of the software too. This isn't "chat" with Intuit support.
Is it claiming the $150/300 charitable contribution deduction?
Someone else reported a similar thing.
yes they had charity
Is this a software glitch in Proseries Professional
This is all individual, charity is not business.
Susan pointed out "...Someone else reported a similar thing."
Meaning others have noticed that there's likely a bug.
Intuit has to deal with that; we are just volunteers & users of the software too. This isn't "chat" with Intuit support.
THANK YOU!
I'd have to think through this, I don't to a lot of NOLs nor do I have charitable contribution carryovers. I can't see how this would create an NOL but I'm thinking there might be some fringe cases where forcing itemized deductions would let you carryover an unused charitable contribution to future years while still having $0 tax. It's an interesting thought exercise but probably not worth the investment in time to play around with at this point in tax season!
Rick
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.