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L
lin_hk_hank-yaho
April 5, 2024
Question

How can Turbo Tax identify a Foundation is private or public?

  • April 5, 2024
  • 1 reply
  • 0 views
I donated stock to my private Charity Foundation, but Turbo Tax treats it as Public Foundation.  How to fix it?



1 reply

DaveF1006
DaveF1006
April 12, 2024

Since you are using Turbo Tax online, you can change the percentage from 50% for a public foundation to 30%.  There is a section in the return that addresses Donation Limits after you entered the stock donation. The screen looks like this.

 

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