To enter your entire donation as one item:
Click the Enter Deductions tab to display the Item Donations tab, and then click New Donation.
From the Charity Name drop-down list, select the charity that received your donation, or select Enter New and type the name of a charity (up to 37 characters).
In the Date box, type the date that you made the donation in mm/dd/yyyy format.
Tip: You can also click the calendar icon beside the box to display a calendar from which you can select a date.
From the Entry Type drop-down list, select Bulk Donation.
In the Charity Address box, type the address of the charity, up to 37 characters.
Tip: The address might be the city and state in which the charity is located, or a Web address if you made a donation online.
(Optional) In the Miles box, type the total number of miles traveled to and from the charity.
Tip: If you enter mileage here, DeductionPro automatically enters it as a deduction on the Expenses & Mileage tab.
In the Description box, type a description for your donation, up to 25 characters.
Tip: Use this field to keep notes that have enough detail to remind you of what you donated in case the IRS questions your donation.
In the Value box, type the fair market value of the entire donation.
For more information on fair market value, see How does DeductionPro determine fair market value? or IRS Publication 561, Determining the Value of Donated Property.
From the Valuation Method drop-down list, select the appropriate option—Catalog, Thrift Shop Value, Comparable Sales, or Appraisal. See What should I enter as the Valuation Method? for more information.
To print the information that you have entered, click Print Donation. When the Print Preview window appears, click the printer icon, and then click OK in the Print dialog box.
To delete the donation that you entered, click Delete Donation. If you entered mileage for this donation, DeductionPro will also delete the associated mileage entry on the Expenses & Mileage tab.
When you are done entering information for this donation, click Finished.
DeductionPro automatically:
Displays a screen requiring you to enter additional information about the donation if the total value of your donation exceeds $500. See Entering Details for Item Donations Over $500 for more information.
Saves your entry and updates Total Deductions and Est. Tax Savings.
To enter another donation, click New Donation.
When you’re done entering donations, click Save.