don90630
Level 2
04-05-2021
11:49 AM
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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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don90630
Level 2
04-05-2021
12:03 PM
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P.S. The Lacerte worksheet follows the IRS worksheet. If wording needs to be changed, the IRS needs to make the change.