@maningasma wrote:
Thank for the guidance. IRS states, “You must file one or more Forms 8283 if the amount of your deduction for each noncash contribution is more than $500. You must also file Form 8283 if you have a group of similar items for which a total deduction of over $500 is claimed.”
Example: I make five donation runs in one year for clothes and household items. Each donation run is $500 or less of clothes/house goods. On 8283 form part 1 section A notes, it states “If the amount you claimed as a deduction for an item is $500 or less, you do not have to complete columns e, f and g.” I’m probably overthinking this, but it’s not crystal clear to me. Is the $500 the total amount for the year, or is is it per donation event? That whole “…for each non cash contribution” statement is confusing me. Am I required to fill in sections e, f, and g based on that scenario, and do I provide info for e, f, and g for each line item deduction? Thanks in advance.
If you make 6 trips to Goodwill, each $100, that would be listed 6 separate times (6 different lines) with each specific date. That much I am certain of.
I can't definitively answer your second question without checking my own prior tax returns, but I believe the interpretation is that if an individual day's donation is under $500, you don't have to fill in e, f and g, even though you have 6 small donations that together add up to more than $500. This is based mainly on the fact that Turbotax has to be tested and approved by the IRS and would not be allowed to e-file if it submitted non-conforming tax returns. (You could test it by putting all your donations under one date, I suppose.)
I've claimed in excess of $500 in several previous years and never had a problem with the IRS with whatever Turbotax filled out for me.
