Documenting charitable contribution expenditures depends in part on the type of

Question

Documenting charitable contribution expenditures depends in part on the type of property the taxpayer contributes, such as:

A. a written statement from a charitable organization indicating that portion of a $50 contribution, paid to purchase a ticket to a fund-raising dinner, which is tax deductible.

B. the taxpayer's written records of a contribution of property to a charitable organization showing the name of the organization to which the taxpayer contributed property, and the date and location of the property along with a detailed explanation of the property contributed

C. out-of-pocket expenses incurred while volunteering such as the cost of lunch.

D. none of the above

Explanation / Answer

Solution:- B. the taxpayer's written records of a contribution of property to a charitable organization showing the name of the organization to which the taxpayer contributed property, and the date and location of the property along with a detailed explanation of the property contributed.

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