I have over $500 in non-cash donations in one trip. (several household items none are valuable). Use itsdedutible for records. Do I need to note how obtained for each

[zA]

I have over $500 in non-cash donations to Salvation Army in one trip.  There are several household items including old textbooks, none of which are very valuable. I use itsdedutible for record keeping. I noticed in other questions if an item is valued over $500 you need to document how it was obtained, but this donation contains multiple items each less than $100. Is the extra notation required in form 8283? If so, how to enter the extra data?

[PaulaM · Accepted solution]

You won't be sending in any documentation of the cost basis for donated items, but they should be retained for your records. 

The Form 8283 will be completed automatically when you enter the non-cash donation over $500. Date of contribution, date acquired (various), how you acquired the items (usually purchased), the cost basis, fair market value, and method used to determine fair market value.

You will have to estimate the cost basis if you don't have the receipts. Any reasonable method will do. Thrift store values can represent approx. 10-30% of the original cost of items usually.  Enter under the Deductions & Credits, Charitable Donations and import from ItsDeductible.

See below for reference.

https://ttlc.intuit.com/questions/3944751-donations-of-household-items-and-clothing-over-500-on-one-...

https://ttlc.intuit.com/questions/2683553-what-to-do-about-clothing-donations-over-500-without-recie...

[zA]

Sounds like Itsdeductible and Turbotax handles everything automatically. Great! I was not concerned about the cost basis of the items, since ItsDeducible handles that.

[PaulaM]

Good to hear 🙂

[itsme1]

The first reference is for tax year prior to 2020.  Needs updated