[[My schedule A deductions were reduced (line 28) by $14,039 due to income level. This irks me...but I see that we carried over $11,783 in charitable from 1996. Is it permitted to not use the carryover this year (it is worthless with the limitation), but to carry it over to 1998 instead?]]Without knowing more about your return, it is impossible to help you with this question. But, first of all, if you have carryover charitable contributions, they must be used up in the next available year. So if you had excess contributions in 1996, which were carried over to 1997, you really have no choice in the matter. You can't "bypass" 1997 with these charity carryovers. TMF TaxesRoy
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<