You'll need to sign in or create an account to connect with an expert.
Did you have the item appraised? What charitable organization was it donated to? You need a written appraisal for donated items that you say are worth over $5000.
Here is how a similar question was answered by SuperUser Opus17:
For a charity donation valued at more than $5000 for a single item or group of similar items, you need a signed appraisal by a qualified appraiser. You also need a copy of form 8323 that is signed by the appraiser and by a financially responsible official from the charity that accepts the items. You can still file your taxes electronically because TurboTax will prepare an electronic version of form 8323, but you will then also need to mail the signed original form to the IRS after you e-file.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
TD2023
Level 2
papmpercheff58-a
New Member
taxesrita
New Member
e15652
New Member
kritter-k
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.