Page 11

The gift was paid after August 22, 2017, to certain qualified charitable or- ganizations, The gift was made for relief efforts in the disaster area of a Presidentially declared disaster eligible for this tax re- lief, and You obtained, from the qualified charitable organization, a written state- ment that the contribution was used (or is to be used) for relief efforts in those areas. For details, including the types of chari- table organizations that qualify and the descriptions of the disaster areas eligible for this tax relief, see Pub. 976. Qualified contributions are not sub- ject to the adjusted gross income limita- tion or the overall limitation on itemized deductions; however, certain limits may apply if your qualified contributions are more than the amount on Form 1040, line 38, minus all other allowable contri- butions. For details, see Pub. 526. Include any contributions that you elect to treat as qualified contributions in the total amount reported on line 16. In- dicate the election by also entering the amount of your qualified contributions on the dotted line next to the line 16 en- try space. Line 17 Other Than by Cash or Check Enter on line 17 the total value of your contributions of property other than by cash or check. If you gave used items, such as clothing or furniture, deduct their fair market value at the time you gave them. Fair market value is what a willing buyer would pay a willing seller when neither has to buy or sell and both are aware of the conditions of the sale. For more details on determining the val- ue of donated property, see Pub. 561. Deduction more than $500. If the amount of your deduction is more than $500, you must complete and attach Form 8283. For this purpose, the “amount of your deduction” means your deduction before applying any income limits that could result in a carryover of contributions. Contribution of motor vehicle, boat, or airplane. If you deduct more than $500 for a contribution of a motor vehi- cle, boat, or airplane, you must also at- tach a statement from the charitable or- ganization to your paper return. The or- ganization may use Form 1098-C to pro- vide the required information. If your to- tal deduction is over $5,000 ($500 for certain contributions of clothing and household items (discussed next)), you may also have to get appraisals of the values of the donated property. See Form 8283 and its instructions for de- tails. Contributions of clothing and house- hold items. A deduction for these con- tributions will be allowed only if the items are in good used condition or bet- ter. However, this rule doesn't apply to a contribution of any single item for which a deduction of more than $500 is claimed and for which you include a qualified appraisal and Form 8283 with your tax return. Recordkeeping. If you gave property, you should keep a receipt or written statement from the organization you gave the property to, or a reliable written record, that shows the organization's name and address, the date and location of the gift, and a description of the prop- erty. For each gift of property, you should also keep reliable written records that include: How you figured the property's value at the time you gave it. If the value was determined by an appraisal, keep a signed copy of the appraisal. The cost or other basis of the prop- erty if you must reduce it by any ordina- ry income or capital gain that would have resulted if the property had been sold at its fair market value. How you figured your deduction if you chose to reduce your deduction for gifts of capital gain property. Any conditions attached to the gift. If your total deduction for gifts of property is over $500, you gave less than your entire inter- est in the property, or you made a quali- fied conservation contribution, your re- cords should contain additional infor- mation. See Pub. 526 for details. Line 18 Carryover From Prior Year You may have contributions that you couldn't deduct in an earlier year be- cause they exceeded the limits on the amount you could deduct. In most cases, you have 5 years to use contributions CAUTION ! that were limited in an earlier year. The same limits apply this year to your car- ryover amounts as applied to those amounts in the earlier year. After apply- ing those limits, enter the amount of your carryover that you are allowed to deduct this year. See Pub. 526 for de- tails. Casualty and Theft Losses Line 20 Complete and attach Form 4684 to fig- ure the amount of your loss. Only enter the amount from Form 4684, line 18, on line 20. Don't enter a net qualified dis- aster loss from Form 4684, line 15, on line 20. Instead, en- ter that amount, if any, on line 28. See Line 28, later, for information about re- porting a net qualified disaster loss. You may be able to deduct part or all of each loss caused by theft, vandalism, fire, storm, or similar causes; car, boat, and other accidents; and corrosive dry- wall. You may also be able to deduct money you had in a financial institution but lost because of the insolvency or bankruptcy of the institution. You can deduct personal casualty or theft losses only to the extent that: 1. The amount of each separate casualty or theft loss is more than $100, and 2. The total amount of all losses during the year (reduced by the $100 limit discussed in (1)) is more than 10% of the amount on Form 1040, line 38. Corrosive drywall losses. If you paid for repairs to your personal residence or household appliances because of corro- sive drywall, you may be able to deduct on line 20 those amounts paid. See Pub. 547 for details. Use Schedule A, line 23, to deduct the costs of proving that you had a prop- erty loss. Examples of these costs are appraisal fees and photographs used to establish the amount of your loss. CAUTION ! A-11