IRS needs receipts of itemized deduction, What if you dont have them?

Question

Well I filed the return and have lost receipts :(, what are my options?

Answer 1

You will not be able to claim the deductions if you do not have receipts for them. If the receipts are for something that you can go back and get duplicates on, that might work. You can still itemize if you can find enough receipts. If you cannot produce receipts that will equal more than the Standard deduction then you will be better off using the Standard Deduction.
Good luck

Answer 2

If you have cancelled checks or credit card statements you can probably create a paper trail for business expenses.

If you are referring to personal deductible expenses for the Schedule A, then you will need to prove it somehow. For charitable donations you can contact the charity for a record of your contributions, for interest paid on a loan for your home request the needed information from your lender, for property taxes paid get a receipt from the county where you live.

All of this is a shot in the dark since you didn't offer a lot of information in your question. But, you get the drift -- there are ways of creating a paper trail. However, if you only guessed and have no proof then the IRS will probably disallow the deductions.

Answer 3

You may be able to reconstruct some of them by contacting your bank or lenders. Your county tax collector can tell you how much you paid in property tax. Good luck on figuring out any medical payments.

Answer 4

Then you can't itemize and have to take standard deductions instead.