topic Can we just tell turbo tax the total amount we gave to charity in 2020 without all the charity names, amounts, and dates? in Deductions & credits

Can we just tell turbo tax the total amount we gave to charity in 2020 without all the charity names, amounts, and dates?

be11aimey — Sat, 02 Jan 2021 16:21:25 GMT

We gave appreciated stock to 20 different charities.

Re: Can we just tell turbo tax the total amount we gave to charity in 2020 without all the charity names, amounts, and dates?

AmeliesUncle — Sat, 02 Jan 2021 17:05:42 GMT

If you gave in cash/check, yes.

If you gave in property (stocks, household goods, etc.) and it was $500 or less, yes.

If you gave in property and it was over $500, no. You need all of the details.

Re: Can we just tell turbo tax the total amount we gave to charity in 2020 without all the charity names, amounts, and dates?

Opus 17 — Sat, 02 Jan 2021 18:37:28 GMT

For gifts of money, the IRS does not need the details, only the total. (Money means cash, checks, or credit cards.) For non-cash gifts over $500, and that includes stocks as well as other property, you must give all the details requested and TurboTax will fill out a form 8283 that will be included with your tax return.