inez
Level 1

How do you enter a charitable contribution of real estate to a 50% charity?  I entered the data on the noncash contribution worksheet, and checked type of property: real estate, nonconversation.  Proseries lists the property as noncash limited by 50% AGI, which is incorrect. Capital gain property contribution is subject to limit of 30% of AGI.

How else should I enter this contribution to get Proseries to calculate the limitation correctly?

Or is there a bug in the program that doesn't properly calculate  a capital gain property contribution to a 50% charity?

 

 

 

 

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