- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
It depends.
The requirement does not apply if you donated cash, qualified vehicles where you have a receipt from the charity, some inventory, publicly traded securities or certain intellectual property.
If your donation is something other than the items above, you will need to get an appraisal to mail in.
Otherwise, your deduction may be rejected. If that happens, you could be subject to penalties.
Please see the attached publication from the IRS for more details on the appraisal needed and what needs to be included.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
May 8, 2020
6:47 AM