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October 25, 2023
Question

Charity deductions

  • October 25, 2023
  • 1 reply
  • 4 views

My husband is a retired dentist and donated $60,000 worth of dental equipment to a dental charity organization. Our gross income is about$130,000 for 2023. We are both in our mid 70s. How do we claim this deduction?

1 reply

October 25, 2023

Hi, here is a helpful article regarding contributions: https://turbotax.intuit.com/tax-tips/charitable-contributions/charitable-contributions/L6ZyAXJ4Y 

 

Here are the requirements you need to maintain for when donations exceed $500: https://turbotax.intuit.com/tax-tips/charitable-contributions/what-is-the-irs-form-8283/L4cLHP3s0

 

You'll enter these contributions in the deductions and credits section of TurboTax.

 

Thank you,

John 

CPA