Lake Wylie Topics: Tax Question??

Lake Wylie Topics

(Lake Wylie Specific)

1 messages

Updated 10/21/2014 2:56:09 PM

Off-Topic

Lakes Online Forum

83,676 messages

Updated 6/14/2024 7:34:26 PM

Boat Maintenance

Lakes Online Forum

5,197 messages

Updated 6/10/2024 5:39:11 AM

Lake Wylie Fishing

(Lake Wylie Specific)

1 messages

Updated 10/1/2018 9:52:09 PM

Jokes

Lakes Online Forum

4,170 messages

Updated 6/10/2024 6:29:37 PM

Sports

Lakes Online Forum

4,261 messages

Updated 5/28/2024 6:31:10 AM

Grilling & Recipes

Lakes Online Forum

2,977 messages

Updated 6/10/2024 6:30:23 PM

Tallapoosa River Topics

Lakes Online Forum

98 messages

Updated 4/15/2024 1:00:58 AM

Forum Usage Rules

Welcome, Guest

Select View Mode: [ classic | beta | recent ]

	Name:	water_watcher -
	Subject:	Tax Question??
	Date:	12/23/2008 7:33:03 AM

Just so you know, under $500 you do not need any support or documentation. So you can safely take a $500 deduction. If the value is higher you need an appraisal ... you can't just develop a value on your own and get someone to sign. The appraisal has to be based on market value and what a willing buyer would have paid. If you know someone in the real estate business, they can probably give you something official that estimates the value, then get the fire dept to sign that they accepted your donantion for training purposes. The difficult part is if you kept the land. Although the building has its own value.

The IRS rarely audits a return based on charitable contributions unless they are extremely excessive compared to your income.

Other messages in this thread:

View Entire Thread

Tax Question?? - LakeStone83 - 12/22/2008 2:44:15 PM

Tax Question?? - lakeplumber - 12/22/2008 3:28:50 PM

First of all, next time you... - Blue Creeker - 12/22/2008 4:36:19 PM

Tax Question?? - water_watcher - 12/22/2008 7:06:14 PM

Tax Question?? - GoneFishin - 12/23/2008 12:07:19 AM

Tax Question?? - Talullahhound - 12/23/2008 7:26:17 AM

Tax Question?? - Maverick - 12/23/2008 7:18:10 PM

I agree with Mav - Ulysses E. McGill - 12/24/2008 12:10:41 AM

Tax Question?? - water_watcher - 12/23/2008 7:33:03 AM

Tax Question?? - mcintpa - 12/23/2008 10:29:31 AM

Tax Question?? - Talullahhound - 12/23/2008 7:05:02 PM

Tax Question?? - Swimmer27 - 12/24/2008 8:39:34 AM

Quick Links
Lake Wylie News
Lake Wylie Photos
Lake Wylie Videos