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Non cash charitable donations
is there a form required for non cash donations?
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Non cash charitable donations
Yes, there is tax form 8283 for non cash contributions exceeding value of $500.
This is to ensure that the value reported is accurate. Non-cash items are valued at the fair market value on the date of the donation.
For more information, follow this link: https://www.irs.gov/forms-pubs/about-form-8283
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Non cash charitable donations
Yes, there is tax form 8283 for non cash contributions exceeding value of $500.
This is to ensure that the value reported is accurate. Non-cash items are valued at the fair market value on the date of the donation.
For more information, follow this link: https://www.irs.gov/forms-pubs/about-form-8283
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Non cash charitable donations
How do I enter a non-cash charitable deduction of over $500 in It's Deductible?