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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
Level 2
 
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2 Comments 2
sjrcpa
Level 15

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-
Level 15
Level 15

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.

charitytype.png


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