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Entering corporate charitable contributions in ProConnect Tax

by Intuit• Updated 1 month ago

This article will assist you with entering corporate charitable contributions in Intuit ProConnect.

A corporation can't deduct contributions that total more than 10% of its taxable income for the tax year. Refer to Pub 542 for instructions on how to figure taxable income for this purpose.

Follow these steps to enter current cash contributions:

  1. Go to Input Return ⮕ Deductions ⮕ Deductions.
  2. Scroll down to the Contributions subsection.
  3. Enter the contribution amount in Cash (Click on button to expand).

Follow these steps to enter current noncash contributions:

  1. Go to Input Return ⮕ Deductions ⮕ Noncash Contributions (8283).
  2. Enter information about the noncash contribution in the applicable fields.

Follow these steps to enter contribution carryovers:

  1. Go to Input Return ⮕ Deductions ⮕ Contribution Carryovers.
  2. Enter the amounts carried over in the Contribution Carryovers section.
    • You can also use the Consolidated Contribution Carryover section if you're completing a consolidated return.

Charitable contributions print on Form 1120, line 19.

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