|
The Motley Fool Discussion Boards
|
Previous Page | |
|
Financial Planning / Tax Strategies |
||
|
URL:
https://boards.fool.com/you-cannot-arbitrarily-choose-to-carry-forward-30437925.aspx
|
||
| Subject: Re: Itemized charitable deduct question | Date: 12/17/2012 5:37 PM | |
| Author: ptheland | Number: 117142 of 131743 | |
|
You cannot arbitrarily choose to carry forward charitable deductions. They are deductible only in the year of contribution. The carryover provision is for the situation when your contributions are greater than the allowed limitation (20%, 30% or 50% of AGI, depending on the type of contribution and the recipient organization). --Peter |
||
| Copyright 1996-2021 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us | ||