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$300 charitable deduction

Shirley77
Level 2

Can the $300 charitable deduction for 2020 be taken if the donation was entirely QCD?

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qbteachmt
Level 15

That is a different type of donation and event. QCD means they don't have to report it as income. The above-the-line deduction means they get a deduction against what is reported as income. You can't take both, for that same $300.

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1 Reply 1
qbteachmt
Level 15

That is a different type of donation and event. QCD means they don't have to report it as income. The above-the-line deduction means they get a deduction against what is reported as income. You can't take both, for that same $300.

*******************************
"Level Up" is a gaming function, not a real life function.

View solution in original post