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Charitable Donation over $5000 of a group of items less than $500 each.
We donated an entire set of new kitchen cabinets, received a signed receipt (from charity) and received an "appraisal" (for 3rd party appraiser). My question is the Turbo Tax is confusing how to report this as each cabinet is less than $500, and the entire "group" is more than $5000. Do I need to list all individual cabinets or just a single description of the items, eg: "various cabinets" then just sign Part II of Form 8283?
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Charitable Donation over $5000 of a group of items less than $500 each.
List it as one item, such as "Set of 10 Kitchen Cabinets."
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Charitable Donation over $5000 of a group of items less than $500 each.
List it as one item, such as "Set of 10 Kitchen Cabinets."