|
|
|
#1
11-21-2009, 12:29 PM
|
|||
|
|||
Charitable Contribution Update
Forgetting about the donation value for deduction purposes - what proof do they have that the artwork was donated to a charity?
I would be concerned with that first.
__________________
Uncle Sam, CPA, EA 
|
|
#2
11-21-2009, 10:23 PM
|
|||
|
|||
|
They have the proper letter
They have the proper letter stating to whom they made the contribution, the date, what they gave, and the fact that they got nothing ion return for it.
|
|
#3
11-21-2009, 10:37 PM
|
|||
|
|||
|
Part of this ? is solved
I did some reading and a valid appraisal for a donation of $5,000 or more can't be done more than 60 days prior to the donation. So clearly the 1990 appraisal can't be used. I assume my client can try claiming a $4,999 donation and try to use the 1990 appraisal to back it up. My belief is the $4,999 limit applies separately to my client and her sister.
|
 |
| Thread Tools | |
| Display Modes | |
|
|
Similar Threads
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Charitable Contribution | Kram BergGold | Main Forum / Tax Discussion | 1 | 11-19-2009 12:59 PM |
| Charitable contribution carryover from 2007 | jhoh2000 | Main Forum / Tax Discussion | 0 | 03-10-2009 03:02 PM |
| Charitable Contribution? | Kram BergGold | Main Forum / Tax Discussion | 4 | 05-11-2008 03:56 PM |
| Charitable Contribution? | dsi | Main Forum / Tax Discussion | 10 | 04-15-2007 01:57 PM |
| Charitable Contribution of Auto | Gene V | Main Forum / Tax Discussion | 6 | 07-25-2005 07:15 AM |
Hybrid Mode
