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y000szc
New Member

I have $700 in food donations to a 501C3 organization what category would that go under?? other personal property? other intangible property? or something else...

 
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I have $700 in food donations to a 501C3 organization what category would that go under?? other personal property? other intangible property? or something else...

Personal property refers to the items that people own such as furniture, appliances, or electronics. In short, these items differ from real property because they are movable. Personal property can be intangible, as in the case of stocks and bonds, or tangible, such as clothes or artwork.  Personal   the answer.

DavidD66
Employee Tax Expert

I have $700 in food donations to a 501C3 organization what category would that go under?? other personal property? other intangible property? or something else...

If you made out of pocket purchases on behalf of a charity, such as buying canned goods and delivering them to the charity, treat them like cash donations.

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