I have a question about donated property. I did a major cleaning this past year and gave several times to Goodwill. I have 7 separate receipts. Can all the receipts only total $500 or I will have to fill out Form 8283? I know with cash donations (at least for 2006), if they are individual donations to church for example you don't combine the total. So...do I combine all the receipts? If not, can i claim about $1200 worth of donations (have documentation) and not do the additional form?
Thanks so much!
2007-01-28 05:25:06 · 2 answers · asked by Mercedes 1 in Business & Finance ➔ Taxes ➔ United States
Any tax advisers out there?
2007-01-28 05:44:20 · update #1
The way I read the instructions for form 8283 (here http://www.irs.gov/pub/irs-pdf/i8283.pdf ), you have to file the form if your total of non-cash contributions exceeds $500.
2007-01-28 05:39:38 · answer #1 · answered by curious george 5 · 0⤊ 0⤋
You don't combine the total. Each is an individual donation. Keep your receipts in case of audit.
2007-01-28 05:30:30 · answer #2 · answered by maxinestringbean 2 · 1⤊ 0⤋