The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Charitable donation haunts me .||Date: 2/9/2001 8:38 AM|
|Author: euphoriant||Number: 46022 of 122503|
I had miscellanous income of $1500.00 in 2000 which i donated fully to a not for profit organization.However,I received a 1099-mis.What are my options.I really don't think i should include this as income for the year since i donated the entire amount.Pls help
You are required to report the income and the government knows you received it because they received a copy of the 1099 as well. Please report that on your return.
You can also report your contribution on your return, assuming you can itemize.
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|