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three pieces of information, and additionally, if claiming a
deduction of more than $500, he must maintain records that show
the fair market value of the property at the time of the
contribution and the method used in determining the fair market
value. Sec. 1.170A-13(b)(2)(ii) and (3), Income Tax Regs.
Petitioner asserts on the Schedule A attached to the
proposed Form 1040 that he made a charitable gift by cash or
check of $256, but he has failed to provide any evidence to
substantiate the gift and therefore is not entitled to a
deduction for that amount.
Petitioner asserts on the same Schedule A that he made
noncash charitable gifts of $2,057, and to substantiate his claim
he provided three receipts from the Goodwill Community Foundation
indicating that he made donations of various items totaling
$2,313 in value. Respondent argues that petitioner is not
entitled to a charitable contribution deduction because neither
the receipts nor the Form 8283, Noncash Charitable Contributions,
accompanying petitioner’s proposed Form 1040 contains a
“description of the property in detail reasonably sufficient
under the circumstances” or states the method used in determining
the fair market value.
The receipts identify and quantify the items contributed,
although they do not provide any information regarding the age,
quality, or condition of the donated items, or any information as
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Last modified: November 10, 2007