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I have a friend (accountant working on classes to be a CPA) who found a loophole that allows you to carryover charitable contributions up to 5 yrs if you have not itemized previously. One of her tax professors showed her this. This is not the carryover of deductions over the percentage level to income ratio from yr to yr. She says that I can carryover any non-previously itemized charitable contributions for the last 5 yrs. Can anyone confirm or deny this. Help appreciated.
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