I donated a rental property with a fmw of 50,000 to a church. How do I report this?

[LindaA · Accepted solution]

You generally must have any item that you donate to a charity for which you wish to claim $5,000 or more appraised. For more information, please see IRS Pub 561, Determining the Value of Donated Property.

To enter the real estate you donated to the church:

• Continue your return in TurboTax Online. (If your return isn't open, you'll need to sign in and click Take me to my return.)
• Click My Account (top right of your screen).
• Select Tools.
• In the pop-up window, select Topic Search.
• In the search bar, type donations.
• In the results box, highlight donations, then click GO.
• You'll land on the Donations to Charity page. Click Yes.
• Answer No to the ItsDeductible question.
• Under Let's enter your donations one at a time, enter the name of the church, then click Add next to Items.
• Click I'll value them when asked How do you want to value your donations?
• Next, Enter the date you donated items to your charity and click Continue.
• Under Choose a category for this donation, select Real property - not conservation property and click Continue.
• Continue following the onscreen instructions to conclusion.

Note: If using the TurboTax CD/Download software, you'll use the Find function (instead of "My Account") to search for the topic.