Patriot Software Advisor

how to receipt a land donation

by craig
(Lead hill AR USA)

Our church was donated land and the donor wants a receipt for tax deduction. Is this legal and if so what must the receipt contain?

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Feb 23, 2017
Receipting Land Donation
by: Bill OConnell

You should receipt the donation according to IRS Publication 561.

This pub is designed to help donors and appraisers determine the value of property (other than cash) that is given to qualified organizations, and information you must have to support the charitable contribution deduction you claim on your return.

Pub 561 is available on the IRS website.

The donor will likely need an independent appraisal.

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