On this worksheet, we gather information about cash and noncash charitable contributions and about carryovers from prior years. We calculate limits on those contributions and figure out carryovers to future years.
Here is a summary of the different parts of the worksheet:
In Part I, we ask for information about cash contributions.
In Part II, we consolidate information about noncash contributions. Enter information about your noncash contributions on the Noncash Charitable Contributions Worksheet, not here.
In Part III, we ask about carryovers of charitable contributions from prior years.
In Part IV, we apply IRS limits to the amounts you've entered and calculate the amount of your charitable deduction for the current year and the amount of your carryover to next year. Although we perform a number of calculations here, you don't have to enter any data in this part.
In Part V, we calculate carryovers to future years. The IRS has rules about the order in which carryover contributions can be used.
In Part VI, we summarize the amounts that we are carrying to Schedule A.