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http://boards.fool.com/but-if-you-give-over-500-in-total-in-noncash-30801927.aspx
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| Subject: Re: Charitable deduction question | Date: 7/30/2013 12:26 PM | |
| Author: TMFPMarti | Number: 118921 of 119626 | |
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But if you give over $500 (in total) in noncash items, you have to include Form 8283 with your return. And in my experience, this will NOT usually generate an audit, as long as you don't go overboard with things. I agree. In 2001 I inherited 1.5 residences of stuff, much of which wound up donated. So much, in fact, that I wound up hitting the 50% of AGI limit and carrying some forward to the next year. Keep good records and deduct what you're entitled to deduct. Phil Rule Your Retirement Home Fool |
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