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Author: AngelMay Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121097  
Subject: Re: Item purchased for a charity Date: 2/25/2012 2:41 PM
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I was thinking that I would need to record these as noncash gifts and file form 8283 (the total spent on all items is over $500, with no item over $250). But the instructions I'm reading seem to be entirely about donations of my own pesonal property -- things I already owned rather than things I bought specifically for the charity. So now I'm wondering if it's legit to treat these as cash contributions, as if the fact that I took care of the purchasing was somehow separate from the fact that I provided the dough?

This won't make a difference in my tax liability, I'm just hoping to get away with a little less paperwork.

Thanks,
Parkway



I'm not a tax expert, but ... didn't you own the items personally once you bought them. If you then gave them to whatever charity is the same as giving your own personal property, isn't it?

AM
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