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Can I deduct a charitable donation of a single group of items worth >$5000 if I no longer have access to the items to get them appraised? Have receipt, no appraisal.
We have a comparative price for the same item from a seller on eBay but no signed appraisal. We have a signed receipt from the charity.
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Can I deduct a charitable donation of a single group of items worth >$5000 if I no longer have access to the items to get them appraised? Have receipt, no appraisal.
No. You would need to have the appraiser and a financially responsible office from the charity sign a copy of form 8283 that describes the donation, which you mail to the IRS after e-filing. Without an appraisal, the most you can claim is $5000.
*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*
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Can I deduct a charitable donation of a single group of items worth >$5000 if I no longer have access to the items to get them appraised? Have receipt, no appraisal.
No. You would need to have the appraiser and a financially responsible office from the charity sign a copy of form 8283 that describes the donation, which you mail to the IRS after e-filing. Without an appraisal, the most you can claim is $5000.
*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*
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