Charitable contribution carryovers
- You can enter regular and AMT 50 percent, 30 percent, 20 percent, and qualified conservation charitable contribution carryovers in theCOscreen in theCarryoversfolder.
- The current-year allowable carryovers automatically transfer to Schedule A.
- Carryover amounts available to next year are reduced by carryover amounts utilized in the current year, after adjusted gross income limitations.
- For each category of contributions, current-year contributions are used before any carryover amounts.
- The allowable contributions are figured starting with the 50 percent contributions, then 30 percent, and so on.
- The Charitable Contributions Carryover Worksheet and Qualified Conservation Contribution Carryover Worksheet show all amounts used in the current year as well as any carryover amounts generated.
