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Level 1
posted Feb 4, 2023 2:38:30 PM

Is there an item limit for ItsDeductible? When I import into TurboTax, after several items, it lumps the remainder as "custom items" which exceeds $500.

Below is the last line in the details for what is a long list of donated items. 

CUSTOM ITEMS OVER $500
04/21/22 28 Book: Hardcover @ 7.46 $1,184.27

I did donate 28 hardcover books, but used the guided valuation ($7.46 per book)

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1 Replies
Expert Alumni
Feb 6, 2023 12:00:45 PM

No, it isn't that Its Deductible has a limit, it is that the IRS has rules about how your non-cash donations show on Form 8283.

 

If you donate similar items in separate donations, you have to group the similar items together. Similar items of property are items of the same general category or type, such as coin collections, paintings, books, clothing, jewelry, non-publicly traded stock, land, or buildings.

 

Your similar items will show as one donation in Section A, if less than $5000, and in Section B, if more then $5000. 

 

Click here to learn more.