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| "Aaron Ackerman" <none[at]nospam.com> wrote in news:1039rgsbr1ukf76 - quote - > I made two separate Non-Cash contributions last year to a
You don't need appraisals for those items. What it does say> charitiable contribution. They were a series of fairly > expensive electronics and other items. (I use TaxCut by the > way). > I placed a the "Thrift Shop Value" at $358 and $305. I > printed out the form and thought I would sign and send on. I > started to read the instructions and it started to drive me > up the wall! It started talking about Donee form 8282 and > appraisers, are they kidding me. If I had known that I would > have backed the true value back to a lesser value. > What do i need to do to fill this form out? Do I need an > appraiser? Is there any way I can back these values out and > file an ammended return (without triggering an audit and > would I have to file 8283 anyway). What do I do? though is: Reference: http://www.irs.gov/pub/irs-pdf/p526.pdf Page 14 ------------ Noncash contributions. If your total deduction for all noncash contributions for the year is over $500, you must complete Section A of Form 8283, and attach it to your Form 1040. ....... The Internal Revenue Service can disallow your deduction for noncash charitable contribubutions if it is more than $500 and you do not submit a required Form 8283 with your return. ------------- http://www.irs.gov/pub/irs-pdf/f8283.pdf All you have to do is list the items in Section A, Part 1. The rest probably doesn't apply to your case and you can ignore it.TaxCut will generate this form for you by default. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#2
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| All you need is the first section, the first two lines. To whom did you donate? And their address (I use "pick up truck"). A date of donation, the words "purchase", your FMV and.....for how did you get the value.....I use "Salvation Army list from internet". Which we downloaded for the office and copied. Much valued by our clients. 8283 is a nuisance, but you are going too far on it. Nan, EA in LA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
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| "Aaron Ackerman" <none[at]nospam.com> wrote: - quote - > I made two separate Non-Cash contributions last year to a
You're OK so long as the value of each item or group of> charitiable contribution. They were a series of fairly > expensive electronics and other items. (I use TaxCut by the > way). > I placed a the "Thrift Shop Value" at $358 and $305. I > printed out the form and thought I would sign and send on. I > started to read the instructions and it started to drive me > up the wall! ... similar items is under $5,000. Over that, the rules on Part B, appraisal, donee notification, and Form 8282 kick in. At $358 and $305, you didn't even need to state a valuation method, apparently. The cutoff for that is $500. -- Chris Green << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| Aaron Ackerman wrote: - quote - > I made two separate Non-Cash contributions last year to a
Sorry, I can't share your frustration, since you only need a> charitiable contribution. They were a series of fairly > expensive electronics and other items. (I use TaxCut by the > way). > I placed a the "Thrift Shop Value" at $358 and $305. I > printed out the form and thought I would sign and send on. I > started to read the instructions and it started to drive me > up the wall! It started talking about Donee form 8282 and > appraisers, are they kidding me. If I had known that I would > have backed the true value back to a lesser value. > What do i need to do to fill this form out? Do I need an > appraiser? Is there any way I can back these values out and > file an ammended return (without triggering an audit and > would I have to file 8283 anyway). What do I do? formal appraisal if values over 5000$. Don't sweat the small stuff. Cheer$, harlan Lunsford, EA n LA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
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| I made two separate Non-Cash contributions last year to a charitiable contribution. They were a series of fairly expensive electronics and other items. (I use TaxCut by the way). I placed a the "Thrift Shop Value" at $358 and $305. I printed out the form and thought I would sign and send on. I started to read the instructions and it started to drive me up the wall! It started talking about Donee form 8282 and appraisers, are they kidding me. If I had known that I would have backed the true value back to a lesser value. What do i need to do to fill this form out? Do I need an appraiser? Is there any way I can back these values out and file an ammended return (without triggering an audit and would I have to file 8283 anyway). What do I do? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| 8283, driving, form, insane |
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