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Qualified cash and check contributions are reported on line 16 of Schedule A. Other contributions are entered on line 17. Taxpayers:
- Must keep records of their contributions
- Must obtain a written acknowledgement from the organization for any cash contribution, regardless of the amount; the written communication must include:
- Name of the charity
- Date of the contribution, and
- Amount of the contribution
- Should see a professional tax preparer if their noncash contributions exceed $500
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Noncash contributions of more than $500 are beyond the scope of the VITA/TCE program.
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