HPMCPAs
Level 2

The above the line $300 charitable contribution is increasing net operating losses.  Also, for taxpayers that don't otherwise have an NOL, if the standard deduction is greater than AGI, a $300 NOL is being generated.  Did the IRS intend for the $300 charitable contribution to generate or increase an NOL or is this a software problem?  Can't find any guidance that indicates the IRS allow this.