Level 1

60% Limit for Charitable Contributions

Forum|Forum|7 years ago
March 7, 2019
2 replies
12 views

Why is LaCerte still not allowing the 60%-of-AGI limitation on charitable contributions?

Lacerte Tax

This topic has been closed for replies.

Level 15

Well, the law change was enacted in December 2017. Lacerte says they cannot update the program until the (nonauthoriative) IRS Publication on charitable contributions is updated for this.

I say this is ridiculous.

The more I know the more I don’t know.

B

brentgregory

Level 2

Publication 256 IS available now. My Senator, Tammy Baldwin's, office sent me a copy yesterday. Lacerte is saying that the software cannot be changed for the 60% cap until the IRS issues its non-authoritative publication; but that has happened. I'm very frustrated. I have a 100-year old client to whom the 60% cap applies, and Lacerte keeps generating a critical diagnostic saying that it cannot implement the change. I don't like to keep a 100-year old waiting!

B

brentgregory

Level 2

Obviously my precious comment should have referred to Publication 526, not 256. Apparently a bit of dyslexia going on!

M

mdavolio

Level 4

HI,

We have added an override field for you to enter contributions to 60% AGI charities. We are waiting for IRS Publication 526 to be released. It will indicate how to run the limitations and carryover computations for this new category.

Thank you,

Mike D'Avolio

Intuit

V

VidaFree

Level 2

Yes, there is an over-ride box to get the 60% amount for Federal, and it does limit it to 50% on California, but then there is a diagnostic saying that California must be paper filed. Doesn't seem that should be necessary.

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