I donated a time share to a charitable orginaztion, they sent me a form 8283 showing the value of $19,680, when I do my taxes for 2009 do I have to claim this deduction for all of the $19,680 or can I spread it 0ver 4 or 5 years?
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I donated a time share to a charitable orginaztion, they sent me a form 8283 showing the value of $19,680, when I do my taxes for 2009 do I have to claim this deduction for all of the $19,680 or can I spread it 0ver 4 or 5 years?
Provide more info about Form 8283 -- where on the form and for what purpose the amount is reported.
Donation deduction (if qualified) is itemized deduction. Can be taken only in the year donation is made.
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