Branding Your Handmade Goods
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The guidelines for non-cash contributions have turn into even much more stringent. For non-cash donations you have to document how you determined the worth of the item you are donating. You can no longer claim a $20 deduction for the old shirt you gave to charity just due to the fact you may believe it is worth that a lot. You may possibly have to establish and claim its thrift shop worth as an alternative. Some useful things may possibly require an appraisal to clearly establish their value. For all non-cash donations more than $500, you must also file a Form 8283.
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