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Worksheet 2—continued 13:22 - 13-Feb-2023

QCCs subject to limit based on 100% of AGI
(If line 1 is zero, enter -0- on lines 47 through 51.)
47. Enter the amount from line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47
48. Add lines 13, 17, 24, 30, 40, and 45 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48
49. Subtract line 48 from line 47 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49
50. Deductible amount. Enter the smaller of line 1 or line 49 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50
51. Carryover. Subtract line 50 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51
Deduction for the year
52. Add lines 13, 17, 24, 30, 40, 45, and 50. Enter the total here and include the deductible amounts on Schedule A (Form 1040), line 11 or
line 12, whichever is appropriate. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52
Note. Any amounts in the carryover column are not deductible this year but can be carried over to next year. See Carryovers, later, for more
information about how you will use them next year.
year’s cash contribution and your carryover Example. Last year, your AGI was
Carryovers cash contribution in full because your total cash $50,000 and you contributed capital gain prop-
erty valued at $27,000 to a 50% limit organiza-
contributions of $10,500 ($9,500 + $1,000) is
less than $12,000 (60% of $20,000). tion and didn't choose to use the 50% limit.
You can carry over any contributions you can't Your basis in the property was $20,000. Your
deduct in the current year because they exceed Example 2. This year, your AGI is deduction was limited to $15,000 (30% of
the limits based on your AGI. Except for quali- $24,000. You make cash contributions of $50,000), and you carried over $12,000. This
fied conservation contributions, you may be $6,000 to which the 60% limit applies and year, your AGI is $60,000 and you contribute
able to deduct the excess in each of the next 5 $3,000 to which the 30% limit applies. You have capital gain property valued at $25,000 to a
years until it is used up, but not beyond that a contribution carryover from last year of $5,000 50% limit organization. Your basis in the prop-
time. for capital gain property contributed to a 50% erty is $24,000 and you choose to use the 50%
limit organization and subject to the special limit. You must refigure your carryover as if you
A carryover of a qualified conservation con- 30% limit for contributions of capital gain prop- had taken appreciation into account last year as
tribution can be carried forward for 15 years. erty. well as this year. Because the amount of your
Your cash contribution of $6,000 is fully de- contribution last year would have been $20,000
Generally, contributions you carry over are ductible because it is less than $14,400 (which (the property's basis) instead of the $15,000
subject to the same percentage limits in the is 60% of your AGI). you actually deducted, your refigured carryover
year to which they are carried as they were in The deduction for your 30% limit contribu- is $5,000 ($20,000 − $15,000). Your total de-
the year of the contribution. For example, contri- tions of $3,000 is limited to $1,000. This is the duction this year is $29,000 (your $24,000 cur-
butions subject to the 20% limit in the year in lesser of: rent contribution plus your $5,000 carryover).
which they are made are 20% limit contributions
in the year to which they are carried. But see 1. $7,200 (30% of $24,000), or Additional rules for carryovers. Special
Carryover of capital gain property, later. 2. $1,000 ($12,000 minus $11,000). rules exist for computing carryovers if you:
The 100% carryover limit available in (The $12,000 amount is 50% of $24,000, your • Are married in some years but not others,
! 2021 for certain qualified cash contri- AGI. The $11,000 amount is the sum of your • Have different spouses in different years,
CAUTION butions made in 2020 no longer applies current and carryover contributions to 50% limit • Change from a separate return to a joint re-
for carryovers of those contributions to 2022 or organizations, $6,000 + $5,000.) turn in a later year,
later years. Carryover amounts from contribu- The deduction for your $5,000 carryover is • Change from a joint return to a separate re-
tions made in 2020 or 2021 are subject to a subject to the special 30% limit for contributions turn in a later year,
60% limitation if you deduct those amounts for of capital gain property. This means it is limited • Have a net operating loss,
2022 or later years. • Claim the standard deduction in a carry-
to the smaller of: over year, or
For each category of contributions, you de- 1. $7,200 (your 30% limit), or • Become a widow or widower.
duct carryover contributions only after deduct- 2. $5,000 ($12,000, your 50% limit, minus Because of their complexity and the limited
ing all allowable contributions in that category your allowable cash contributions to which number of taxpayers to whom these additional
for the current year. If you have carryovers from the 60% limit applies ($6,000) and minus rules apply, they aren't discussed in this publi-
2 or more prior years, use the carryover from your allowable contribution to which the cation. If you need to figure a carryover and you
the earlier year first. 30% limit applies ($1,000)). are in one of these situations, you may want to
consult with a tax practitioner.
Note. A carryover of a contribution to a Because your $5,000 carryover contribution
50% limit organization must be used before does not exceed the smaller limit of $5,000, you
contributions in the current year to organiza- can deduct it in full. Substantiation
Your deduction is $12,000 ($6,000 + $1,000
tions other than 50% limit organizations. See + $5,000). You carry over the $2,000 balance of Requirements
Example 2.
your 30% limit contributions for this year to next
Example 1. Last year, you made cash year. You must keep records to prove the amount of
contributions of $11,000 to 50% limit organiza- the contributions you make during the year. The
tions. Because of the limit based on 60% of Carryover of capital gain property. If you kind of records you must keep depends on the
AGI, you deducted only $10,000 and carried carry over contributions of capital gain property amount of your contributions and whether they
over $1,000 to this year. This year, your AGI is subject to the special 30% limit and you choose are:
$20,000 and you made cash contributions of in the next year to use the 50% limit and take • Cash contributions,
$9,500 to 50% limit organizations. The limit appreciation into account, you must refigure the • Noncash contributions, or
based on 60% of AGI applies to your current carryover. Reduce the FMV of the property by • Out-of-pocket expenses when donating
year cash contribution of $9,500 and carryover the appreciation and reduce that result by the your services.
contribution of $1,000. You can deduct this amount actually deducted in the previous year.
Page 18 Publication 526 (2022)