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Level 3
April 5, 2021
Question

Individual Worksheet for Limit of Charitable Contributions 2020

  • April 5, 2021
  • 1 reply
  • 3 views

Line 9 refers to noncash contributions to 50% limit organizations. I believe it should also refer to cash contributions.

Line 10 refers to cash contributions to 50% limit organizations that you elected not to treat as qualified contributions. I believe it should refer to cash contribution to 60% limit organizations.

Lines 15 through 18 refer to noncash contributions subject to the limit based on 50% of AGI. I believe they should also refer to cash contributions.

The amounts Lacerte is entering on those lines are properly cash contributions and the resulting carryovers are correct.

What am I missing?

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1 reply

don90630Author
Level 3
April 5, 2021

P.S. The Lacerte worksheet follows the IRS worksheet. If wording needs to be changed, the IRS needs to make the change.