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Are donations of cars, stocks, property, and so forth treated as a deductible contribution on a donors tax return?

April 26, 2017cars contribution deductible DONATIONS donor Forth Property stocks tax return treated

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Are donations of cars, stocks, property, and so forth treated as a deductible contribution on a donors tax return?

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Yes. But there are specific IRS rules and regulations to follow. For more information, please refer to IRS Publication 557, page 11. For Example: For non-cash donations over $5,000, the donor must attach Form 8283 to his/her tax return. The Amateur Athletic Union of the US, Inc. recommends Affiliated Organizations contact the Amateur Athletic Union of the US Inc. (407-934-7200) if they plan to receive a non-cash donation with a value greater than $5,000.