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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

Level 2
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2 Comments 2
Level 15

It depends.

Cash or noncash? If noncash, appreciated property?

Donated to private foundation? Donor advised fund?

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.