Which of the following statements is true regarding documentation requirements for charitable contributions?
A)If the total deduction for all noncash contributions for the year is more than $500,Section A of Form 8283,Noncash Charitable Contributions,must be completed.
B)A noncash contribution of less than $250 must be supported by a cancelled check,or a receipt,or other written acknowledgement from the charitable organization.
C)A contribution charged to a credit card is considered a cash contribution for purposes of documentation requirements.
D)All of these are true.

Question

Quizplus · Accepted Answer

All of the given statements are true regarding documentation requirements for charitable contributions. If the total deduction for all noncash contributions for the year is more than $500, Section A of Form 8283, Noncash Charitable Contributions, must be completed. A noncash contribution of less than $250 must be supported by a cancelled check, or a receipt, or other written acknowledgment from the charitable organization. A contribution charged to a credit card is considered a cash contribution for purposes of documentation requirements.

Which of the Following Statements Is True Regarding Documentation Requirements