How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask JKCPA Your Own Question
Category: Tax
Satisfied Customers: 5883
Experience:  CPA with tax experience.
Type Your Tax Question Here...
JKCPA is online now
A new question is answered every 9 seconds

This should be a simple question. We inherited a chunk last

Resolved Question:

This should be a simple question.
We inherited a chunk last year and gave much more to charity - mostly religious charities. Our charitable receipts are way beyond the allowable 50% gross income. I know I can forward the excess. My question is the paperwork. On schedule A Line 16 do we put the total 2010 charitable receipts or the allowable 50% and adjust line 19 to reflect the allowable 50%. Or do we just put the maximum 50% on line 16 and next year fill in line 18 with carryover? The carryover might go on for a few years.
Submitted: 5 years ago.
Category: Tax
Expert:  JKCPA replied 5 years ago.

Thanks for your question.

You would enter the limited amount of contributions which would be 50% of your AGI on line 16 of Schedule A and next year fill in line 18 for your carryover amount. The carryover will also be subject to the 50% of AGI limitation for next year. For a worksheet, see

Hope this helps!

Edited by JK_CPA on 2/1/2011 at 5:37 AM EST
JKCPA and other Tax Specialists are ready to help you