Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

$300 charitable deduction

Shirley77
Level 3

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

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Solution

Accepted Solutions
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

1 Comment 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.