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| djohn554[at]yahoo.com wrote: - quote - > I have done this for several years and want to make sure
The correct answer is "it depends" (as to sounding reasonable).> that I am not doing anything wrong or anything to draw > attention to myself: > I have a charitable org. (United Way, etc) pick up bags of > stuff from my home. Usually it is clothes, toys, etc. I > dont itemize it, but write on the receipt what I donated > "clothing, toys, books, shoes, etc" and give it an estimated > value under $250 (based on thrift store value). > I normally have 8-10 of these contributions a year (I dont > like to keep things we don't use) > This is truly what I've donated. Does this sound reasonable? the official method is to make a list of all the items you donate each time on an itemized list and then price out each item as to it's individual fair market value, and that depends on cost when new, and condition when donated. then add up the values for each separately donated list and that IS the value. remember, with that many separate donations, you list each one separately on a form 8283. ChEAr$$$, Harlan Lunsford, EA n LA 12 Apr 2005 3 days and counting.......\ << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| I have done this for several years and want to make sure that I am not doing anything wrong or anything to draw attention to myself: I have a charitable org. (United Way, etc) pick up bags of stuff from my home. Usually it is clothes, toys, etc. I dont itemize it, but write on the receipt what I donated "clothing, toys, books, shoes, etc" and give it an estimated value under $250 (based on thrift store value). I normally have 8-10 of these contributions a year (I dont like to keep things we don't use) This is truly what I've donated. Does this sound reasonable? Thank you, in advance. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| charitable, contribution, noncash, question |
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