Note to HueyLD: OP's question was about reporting, not record keeping.HueyLD wrote:You need to read IRS Pub. 526 to understand the recordkeeping requirements for charitable contributions. Here is the link http://www.irs.gov/pub/irs-pdf/p526.pdf .
Minot wrote:Note to HueyLD: OP's question was about reporting, not record keeping.
Since Schedule A asks you to report charitable donations as a single line entry, I don't see any problem with your proposed work-around of TT's system, which I assume is set up that way to help you with record keeping. I am not any kind of expert on IRS requirements, though, so take my opinion for what it may or may not be worth.
harikaried wrote:Did it generate a Form 8283? It includes the name and address for the donee organizations there. It seems like this form is only generated if charitable donations are at least $500, but I would guess that Turbotax asks for the addresses first before it knows how much total you've donated.
Another possible option is to do your charitible giving via a donor advised fund, such as Vanguard's https://www.vanguardcharitable.org/ or Fidelity's.http://www.fidelitycharitable.org/giving-account/donors-guide/online-demo.shtmlSamB wrote:I use Itsdeductable. The first time you have to type in the information for the charity, but after that you just select it from the drop down menu. The charities we donate to do not vary that much from year to year, so it is very convenient. When you finish with the charitable contributions you just initiate the transfer to your TT file within the program.
Users browsing this forum: barnaclebob, basspond, cusetownusa, Hayden, jay22, jebmke, Kevin M, Mr. Meow, mr_scaramanga, papiper, rob, sidartvader, SimonJester, ThunderClaw, toto238, wannabebogler, Youngblood, zoralsurgeon and 117 guests