2014 Capital Gain Rates (01/2013 Tax Act)

Contribution Summary Amount

Non-Cash

Cash

<$250

Receipt Required

Receipt Required

>$249 and <$500

Receipt required and contemporaneous written acknowledgement from the charity

Receipt required and contemporaneous written acknowledgement from the charity

>$500 and Sold by Charity

Receipt required and Form 1098-C showing charity’s sales price, and attach 1098-C to Form 1040, and deduction limited to 1098-C amount

Receipt required and contemporaneous written acknowledgement from the charity

>$500 and <$5,000 and retained for use or improved by charity

Receipt required and Form 8283 and contemporaneous written acknowledgement meeting certification of non-sale requirements, deduction allowed at fair market value using private party sales pricing guidelines in used vehicle pricing guides

Receipt required and contemporaneous written acknowledgement from the charity

Over $5,000 and retained for use or improvement by charity

Receipt required and written appraisal and signed Form 8283 and contemporaneous written acknowledgement meeting certification of non-sale requirements, deduction allowed at fair market value using private party sales pricing guidelines in used vehicle pricing guides

Receipt required and contemporaneous written acknowledgement from the charity

Over $500,000

All of the above, plus attach the appraisal to the tax return.

Receipt required and contemporaneous written acknowledgement from the charity

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