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Deductions & credits
@colraaf wrote:
I have written documents that show the new purchase price and current value.
If you have not received a written acknowledgment from the charity with the required information before the due date of your return, your deduction is $0.
If the appraiser and charity fills out the bottom of page 2 of Form 8283, AND the charity uses it for a "related use" (selling it would be an UN-related use), then $20,000. I think that needs to be done by the due date of your tax return.
If any of the criteria in the above paragraph is not met, then $1500.
‎October 14, 2020
10:51 AM