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How do we handle gifts of property to the church such as car, boat, house?AnswerThere are special IRS requirements for contributions of autos, boats, and airplanes. There are also special requirements for donated property over $5000.These requirements are too detailed to go into here as they include special instructions on what to do if you sell the property or if you keep it.You can look up these instructions on the IRS website or you can just purchase my ebook "Church Contributions" that covers all these requirements:-) Church Accounting Package www.freechurchaccounting.comKnow the answer? Face the same situation? Please post your answer or comment by using the "comment" link below. Thank you!
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