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Donation over $500

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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IreneS
Intuit Alumni

Donation over $500

You can enter the donation directly in TurboTax, using these steps:

  1. Click on Federal > Deductions & Credits 
  2. In the Charitable Donations section, click on the Start/Revisit box next to Donations to Charity in 2017  [See Screenshot #1 below.)   
  3. If you haven't entered any information yet on your donations, you will see a Donations screen click the Yes box.
  4. If you've already started entering information on charitable donations, you will see a screen to Review All Your Charities.  You can click on the Edit box next to the charity name or Add Another Charity to add a new donation.  [Screenshot #2]
  5. On the screen, Let's enter your donations one at a time, enter the name of the charity and click the Add box next to the type of donation--in your case, Items.  [Screenshot #3]
  6. If you are donating items, on the next screen, How Do You Want to Value Your Donations:  [Screenshot #4]
    • If you haven't already calculated the value of your donations, TurboTax will help, using values from Its DeductibleClick on the Guide Me box.  
    • If you've already put a value on your donations, click on the I'll Value Them box.

          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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