[Anonymous]

I wanted to confirm my understand with contribution limitations. I know you can deduct up to there’s 50% cash and 30% capital gain properties of your AGI limitation.

Say I have AGI of $100,000. Can I contribute $50,000 cash AND $30,000 capital gain properties? So a total of $80,000 would be deductible on my schedule A? Sounds too good to be true, right? So what’s the max that I can contribute with combined cash and capital gain properties? Thanks in advance!

[Anonymous]

the max max max contribution of everything is 50% of AGI which includes cash and other assets.

so your max contribution is 100,000*.50 = 50,000

in this case you can only deduct cash. (you may mix and match as long as it doesn;t total over 50,000, such as allocate 30,000 to cash and 20,000 to capital gains)

the 30,000 for cap gains is carried forward when there is enough AGI

[Anonymous]

the max max max contribution of everything is 50% of AGI which includes cash and other assets.

so your max contribution is 100,000*.50 = 50,000

in this case you can only deduct cash. (you may mix and match as long as it doesn;t total over 50,000, such as allocate 30,000 to cash and 20,000 to capital gains)

the 30,000 for cap gains is carried forward when there is enough AGI

[Author]

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