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tableclocks
Jul 28, 2016, 07:40 AM
a little confused on 8283 for deductions, it looks like all I have to complete is section A for lots of cloths, shoes , a few household item, that value about 4 to 5 thousand, so for under 5,000.00, so where does the organization sign?
looks like part 2 of section A, section B appears to be only for more then 5,000.00, I have up to 5,000.00 in donations because of my wife giving away a lot of stuff, mostly cloths
or is 5 or 6 or so receipts up to 500 each acceptable to the IRS, with out the 8283?
thank you if you can help richard

AtlantaTaxExpert
Jul 28, 2016, 08:33 PM
You only have to do Section B if any ONE item costs more than $5,000. You can list all of the items that you donated in Section A for totals that exceed $5,000, with no problem. However, the higher the listing, the more likely the IRS will challenge the donation.

tableclocks
Jul 29, 2016, 07:40 AM
You only have to do Section B if any ONE item costs more than $5,000. You can list all of the items that you donated in Section A for totals that exceed $5,000, with no problem. However, the higher the listing, the more likely the IRS will challenge the donation.thank you, looks like a sign receipt may also be in order... thanks

AtlantaTaxExpert
Jul 29, 2016, 09:44 AM
Receipts NEVER hurt, and may come in handy if the IRS challenges the donations.

tableclocks
Aug 20, 2016, 10:17 PM
You only have to do Section B if any ONE item costs more than $5,000. You can list all of the items that you donated in Section A for totals that exceed $5,000, with no problem. However, the higher the listing, the more likely the IRS will challenge the donation.

Thank you, this is school supplies, mostly new, what kind of a appraiser do I need, Or can the school principal say , yes, its worth $5,000, acceptable to the IRS? It won't be resold, it will be use by the school, thank you Richard
we have a lot of stuff to give away, audited or not can I use 2 or 3 8283 forms? we already did a few thousand in cloths to 3 different good wills

AtlantaTaxExpert
Aug 21, 2016, 07:28 AM
You can use multiple Forms 8283. In my experience as a tax pro, I have at least ONE client each year for whom I prepare multiple Form 8283. The record is EIGHT.