I have an new executive office desk bought for $2195,99 (priced at 3134.00). I am donating to local non-profit (recognized by government). Itsdeductible only allows $500.00 donation. Where can I enter this donated item on my return or on itsdeductible?
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You can enter the donation directly in TurboTax, using these steps:
8. Continue through the screens, entering the requested information.
Please keep in mind: For any contribution of $250 or more (including contributions of cash or property), you must obtain and keep in your records a contemporaneous written acknowledgment from the qualified organization indicating the amount of the cash and a description of any property contributed.
The acknowledgment must say whether the organization provided any goods or services in exchange for the gift and, if so, must provide a description and a good faith estimate of the value of those goods or services. One document from the qualified organization may satisfy both the written communication requirement for monetary gifts and the contemporaneous written acknowledgment requirement for all contributions of $250 or more.
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