Announcement

Collapse
No announcement yet.

Land donation

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Land donation

    Client made a donation of land over $5000. This year, taxpayer will not itemize because of losses on 1040. This Sch A donation is a carryover to next year, do I need to send in the 8382 with all the signatures of the donor, donee, and appraiser, or do I save for 2010, when the deduction will actually be taken?

    #2
    2009

    You have a 2009 deduction and must show it with all required attachments on the 2009 return. Then depending on AGI, you will have a carryover to 2010.

    Comment


      #3
      Unfortunately this is a 2008 return. So 8382 all needs to be filled out and sent in? How about the Sch A? Then in 2009 does just the carryover show?

      Comment

      Working...
      X