I have a client that donated a Trailer in 11/06, and has not received the receipt from the Charitable Organization that it has been sold, now 4/07. And they are refusing to return phone calls or answer the t/p.
Original purchase price in 1986 $1,500. Probably FMV $100 or less. Can we take a $100 deduction, or do we wait until the Organization sends us paperwork? I have had some organizations issue paper work, in lieu of sale, t/p agrees not to claim more than $100.
Thanks,
Sandy
Original purchase price in 1986 $1,500. Probably FMV $100 or less. Can we take a $100 deduction, or do we wait until the Organization sends us paperwork? I have had some organizations issue paper work, in lieu of sale, t/p agrees not to claim more than $100.
Thanks,
Sandy
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