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Carryovers You can carry over any contributions you can't deduct in the current year because they exceed the limits based on your adjusted gross income (AGI). Except for qualified conservation contri- butions, you may be able to deduct the excess in each of the next 5 years until it is used up, but not beyond that time. A carryover of a qualified conservation con- tribution can be carried forward for 15 years. Contributions you carry over are subject to the same percentage limits in the year to which they are carried. For example, contributions subject to the 20% limit in the year in which they are made are 20% limit contributions in the year to which they are carried. But see Carryover of capital gain property, later. For each category of contributions, you de- duct carryover contributions only after deduct- ing all allowable contributions in that category for the current year. If you have carryovers from 2 or more prior years, use the carryover from the earlier year first. Note. A carryover of a contribution to a 50% limit organization must be used before contribu- tions in the current year to organizations other than 50% limit organizations. See Example 2. Example 1. Last year, you made cash con- tributions of $11,000 to 50% limit organizations. Because of the limit based on 60% of AGI, you deducted only $10,000 and carried over $1,000 to this year. This year, your AGI is $20,000 and you made cash contributions that you elected not to treat as qualified cash contributions for 2020 of $9,500 to 50% limit organizations. The limit based on 60% of AGI applies to your cur- rent year cash contribution of $9,500 and carry- over contribution of $1,000. You can deduct this year’s cash contribution and your carryover cash contribution in full because your total cash contributions of $10,500 ($9,500 + $1,000) is less than $12,000 (60% of $20,000). Example 2. This year, your AGI is $24,000. You make cash contributions of $6,000 that you elected not to treat as qualified cash contribu- tions for 2020, so the 60% limit applies and $3,000 to which the 30% limit applies. You have a contribution carryover from last year of $5,000 for capital gain property contributed to a 50% limit organization and subject to the special 30% limit for contributions of capital gain prop- erty. Your cash contribution of $6,000 is fully de- ductible because it is less than $14,400 (which is 60% of your AGI). The deduction for your 30% limit contribu- tions of $3,000 is limited to $1,000. This is the lesser of: 1. $7,200 (30% of $24,000), or 2. $1,000 ($12,000 minus $11,000). (The $12,000 amount is 50% of $24,000, your AGI. The $11,000 amount is the sum of your current and carryover contributions to 50% limit organizations, $6,000 + $5,000.) The deduction for your $5,000 carryover is subject to the special 30% limit for contributions of capital gain property. This means it is limited to the smaller of: 1. $7,200 (your 30% limit), or 2. $5,000 ($12,000, your 50% limit, minus your allowable cash contributions to which the 60% limit applies ($6,000) and minus your allowable contribution to which the 30% limit applies ($1,000)). Because your $5,000 carryover contribution does not exceed the smaller limit of $5,000, you can deduct it in full. Your deduction is $12,000 ($6,000 + $1,000 + $5,000). You carry over the $2,000 balance of your 30% limit contributions for this year to next year. Carryover of capital gain property. If you carry over contributions of capital gain property subject to the special 30% limit and you choose in the next year to use the 50% limit and take appreciation into account, you must refigure the carryover. Reduce the fair market value of the property by the appreciation and reduce that re- sult by the amount actually deducted in the pre- vious year. Example. Last year, your AGI was $50,000 and you contributed capital gain property val- ued at $27,000 to a 50% limit organization and didn't choose to use the 50% limit. Your basis in the property was $20,000. Your deduction was limited to $15,000 (30% of $50,000), and you carried over $12,000. This year, your AGI is $60,000 and you contribute capital gain prop- erty valued at $25,000 to a 50% limit organiza- tion. Your basis in the property is $24,000 and you choose to use the 50% limit. You must re- figure your carryover as if you had taken appre- ciation into account last year as well as this year. Because the amount of your contribution last year would have been $20,000 (the proper- ty's basis) instead of the $15,000 you actually deducted, your refigured carryover is $5,000 ($20,000 − $15,000). Your total deduction this year is $29,000 (your $24,000 current contribu- tion plus your $5,000 carryover). Additional rules for carryovers. Special rules exist for computing carryovers if you: • Are married in some years but not others, • Have different spouses in different years, • Change from a separate return to a joint re- turn in a later year, • Change from a joint return to a separate re- turn in a later year, • Have a net operating loss, • Claim the standard deduction in a carry- over year, or Worksheet 2—continued

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 Qualified cash contributions for 2020 and qualified contributions for certain disaster relief efforts (If line 3 is zero, enter -0- on lines 52 through 56.) 52. Enter the amount from line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52 53. Add lines 13, 17, 24, 30, 40, 45, and 50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53 54. Subtract line 53 from line 52 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54 55. Deductible amount. Enter the smaller of line 3 or line 54 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 56. Carryover. Subtract line 55 from line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56 Deduction for the year 57. Add lines 13, 17, 24, 30, 40, 45, 50, and 55. Enter the total here and include the deductible amounts on Schedule A (Form 1040), line 11 or line 12, whichever is appropriate. Also, enter the amount from line 55 on the dotted line next to the line 11 entry space . . . . . . . . . 57 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. Publication 526 (2020) Page 19