Publication 561 (4 2007), Determining the Value of Donated-2025

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by filling out the 'REQUEST NUMBER' section, ensuring you provide a unique identifier for your valuation request.
  3. In the 'REQUESTING OFFICE' field, enter the name of your office that is submitting the request.
  4. Complete the 'NAME OF REQUESTING OFFICER' section with your full name to identify who is making the request.
  5. Specify the 'PURPOSE OF APPRAISAL' by checking appropriate boxes such as 'FAIR MARKET VALUE' or any other relevant service needed.
  6. Attach necessary documents by checking off items like GSA Form 1271 or Market Survey in the ATTACHMENTS section.
  7. Fill in detailed information about the subject property, including its name and address, along with lease data and services provided by lessor.
  8. Finally, review all entries for accuracy before signing and dating at the bottom of the form.

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The list of 50% charities includes most religious groups, schools, hospitals and public charitable organizations, while certain other organizationssuch as veterans associations and fraternal organizationshave been designated as 30% charities. Suppose you donate property instead of cash to a charity.
If there is an active public market for the contributed stocks or bonds on a stock exchange, in an over-the-counter market, or elsewhere, the FMV of each share or bond is the average price be- tween the highest and lowest quoted selling pri- ces on the valuation date.
Whats new in 2026: New tax deduction for non-itemizers: You can deduct up to $1,000 (individuals) or $2,000 (married couples) for charitable gifts, even if you dont itemize. However, gifts to donor advised funds are excluded from this new tax break.
Recording Donated Stock in Your Accounting System First, determine the fair market value (FMV) of the stock, calculated based on the average of the high and low prices on the date the stock is received. Then, record the FMV of the stock as contribution revenue on the date of the gift.
An individual may deduct charitable contributions of 30-percent capital gain property, as defined in subparagraph (3) of this paragraph, made during a taxable year to or for the use of any charitable organization described in section 170(c) to the extent that such contributions in the aggregate do not exceed 30-percent

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The limit increases to 60% of AGI for cash gifts, while the limit on donating appreciated non-cash assets held more than one year is 30% of AGI. Contribution amounts in excess of these deduction limits in 2025 may be carried over up to five subsequent tax years.
No matter how generously you gave to charities in 2024, youll only be able to deduct up to 60% of your AGI if you gave in cash to standard public charities. For donations of appreciated assets, the maximum charitable deduction in 2024 is 30% of your AGI.

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