The problem is greatly compounded if there are many individual items that separately are far less than $500 (e.g. CDs, DVDs, books, costume jewelry) but combined may be greater than $500. the IRS does not require filling in for the individual items and it is impossible to do so for multiple grouped items purchased at different times and at different prices (plus basically impossible to remember this information). IRS only cares if the SINGLE item is above $500. By combining into single category multiple items you only create more confusion and IRS scrutiny that is not required or necessary. Note below single "item" reference from IRS code:
- describe each item over $500 that you donated,
- identify the recipient, and
- provide information about the value of the item, including your cost or adjusted basis.
In the past, you could split the many items into groups of items that the total did not exceed $500 and all worked. HOWEVER, this year there is a bug either in Turbotax or ItsDeductible that unnecessarily and incorrectly combines even further the grouped items that were in ItsDeductible donated item groups valued at <=$500 into total identical item groups for that one donation that may exceed $500! Plus it changes the valued category from "ItsDeductible" to "Valued by Customer"!
