sutherlandws
Returning Member

How to handle donations of over $5000 in total (many items, all < $500).

I have read many entries on this, but none quite address my issue.  For the first time since I started using TT, I am getting a message that a donee needs to sign a form 8283.  It appears from what others have said, there is a change in the tax law that requires this if the total donation amount exceeds $5000.

 

1) Is that true, even if it was hundreds of items that TT has 'grouped' into one larger category, where none exceed a value of $500?

2) If I make 2 runs to the same, or even different Goodwill locations on the same day, and donate goods, when I enter them in TT, since they are on the same day, it lumps them into the same 'donation', often resulting in the total exceeding $5000.  Is there a way to avoid this?

 

Just looking for suggestions.  If there is a way to have TT treat those as separate donations, is there a way for me to 'split' one donation into 2 in the program, or would I need to remove items from one donation and put them into the other manually?

 

Thanks!