Charitable contribution carryovers

  • You can enter regular and AMT 50 percent, 30 percent, 20 percent, and qualified conservation charitable contribution carryovers in the
    CO
    screen in the
    Carryovers
    folder.
  • 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.
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