Skip to main content
Level 1
January 2, 2021
Question

Can we just tell turbo tax the total amount we gave to charity in 2020 without all the charity names, amounts, and dates?

  • January 2, 2021
  • 2 replies
  • 15 views
We gave appreciated stock to 20 different charities.

2 replies

Level 15
January 2, 2021

If you gave in cash/check, yes.

 

If you gave in property (stocks, household goods, etc.) and it was $500 or less, yes.

 

If you gave in property and it was over $500, no.  You need all of the details.

Level 15
January 2, 2021

For gifts of money, the IRS does not need the details, only the total. (Money means cash, checks, or credit cards.) For non-cash gifts over $500, and that includes stocks as well as other property, you must give all the details requested and TurboTax will fill out a form 8283 that will be included with your tax return.