Screen CO-2 - Carryovers, Nonbusiness - Qualified Conservation Contrib

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Qualified Conservation Charitable Contribution Carryovers

Enter only the net amount of losses generated and the utilizations of losses for the years shown. This information proformas each year, taking into account any utilizations as needed. Enter carryovers as positive amounts and utilizations as negative amounts.
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  • Blank
    AMT carryover
    fields are treated as having no AMT carryover. Regular carryovers aren't used as a default AMT amount. If there's no difference between the regular and AMT carryover, enter the same amount in both the regular and
    AMT carryover
    fields. This information is also used to complete Forms 6251 and 8582, if applicable.
  • A carryover report is automatically produced.
50% Qualified Conservation Contributions
Enter the amount of contribution carryover from the applicable year for qualified conservation contributions to a qualifying organization. Amounts entered here are used to calculate the Qualified Conservation Charitable Contribution Carryover Worksheet.
50% AMT Qualified Conservation Contributions
Enter the amount of AMT contribution carryover from the applicable year for qualified conservation contributions to a qualifying organization. Amounts entered here are used to calculate the Qualified Conservation Charitable Contribution Carryover Worksheet AMT.
Charitable contributions calculated for AMT are generally the same as those calculated for regular tax, with the exception of certain contributions of property to which section 170(e) applies. For more information, refer to the Form 6251 instructions.
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A diagnostic is issued when regular charitable contribution carryover amounts are present and AMT equivalent amounts are blank.
100% Qualified Conservation Contributions
Enter the amount of contribution carryover from the applicable year for qualified conservation contributions made by a qualifying rancher or farmer to a qualifying organization. Amounts entered here are used to calculate the Qualified Conservation Charitable Contribution Carryover Worksheet.
100% AMT Qualified Conservation Contributions
Enter the amount of AMT contribution carryover from the applicable year for qualified conservation contributions made by a qualifying rancher or farmer to a qualifying organization. Amounts entered here are used to calculate the Qualified Conservation Charitable Contribution Carryover Worksheet AMT. Charitable contributions calculated for AMT are generally the same as those calculated for regular tax, with the exception of certain contributions of property to which section 170(e) applies. For more information, refer to the Form 6251 instructions.
note
A diagnostic is issued when regular charitable contribution carryover amounts are present and AMT equivalent amounts are blank.

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