This is not a question but a comment. I have gone to great lengths the last two years to keep track of our charitable contributions that totaled about $6,500 in 2010 and $7,500 in 2011. I consider this to be a lot of donations and is more than 10% of our taxable income, but TurboTax says we should take the standard deduction of $13,600 ($11,400 + $2,200 because we are old) that larger, even totaling the real estate taxes, charitable contributions, medical expense (just paying Medicare-B and backup insurance comes to more the 7.5% of our AGI). So we don't file a Schedule A at all.Why do I keep gathering all the items for Schedule A. I don't know whether to laugh or cry because doing all the accounting for Schedule A takes a lot of time as we are not talking about just two or three donations, for example. Actually three donations account for about 50% of our donations, but the others are an almost endless string of donations at $25, $50 or $100 a pop. I guess I like to know the total of our donations, but it is a lot of work to do so and has nothing to do with our taxes it turns out. And at that, I don't keep track of mileage for volunteer work and donations of clothing or other items and they certainly don't total thousands of dollars.brucedoe
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra