Do I have to report a small $5 donation? Or is that only for people who donate large amounts?
No, you don't have to report a small donation or any donation for that matter. For tax purposes, donations generally benefit you so the IRS doesn't care that you may get less money back from them.
Do I have to report a small $5 donation? Or is that only for people who donate large amounts?
No, you don't have to report a small donation or any donation for that matter. For tax purposes, donations generally benefit you so the IRS doesn't care that you may get less money back from them.
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