Question

I donated a burial plot and concrete liner that I inherited to a charity. Is that deductible?

Forum|Forum|7 years ago
June 5, 2019
2 replies
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I owned a burial plot and concrete in Florida that I inherited from my parents. My mother is buried in Maryland, so I wanted to donate the plot to the Jewish Federation of Miami. Is that deductible?

TurboTax Premier Windows

C

CarolynM

Employee

Yes, this is a charity donation. You will need a letter from the Jewish Federation of Miami with the date and value. Since the value is likely over $500, you will need Form 8283, but TurboTax will walk you through every step.

For more information on charity donations, follow this link: IRS on Charities and Non-Profits

T

tagraber77Author

Is the value of the donation based on the purchase price from 1979 or the current value?

P

PattiF

Yes, you can generally deduct the full amount in the same year that you made the contribution.

The donation is entered in the Charitable Contributions of the Itemized Deductions for Schedule A.

You will use the date of purchase, the date of the contribution, the purchase price, and the FMV (fair market value) at the time of the donation to enter the donation. You will need to have a letter from the Hebrew free burial association with the date and value of the donation. Keep the letter with your records. This is entered on form 8283. TurboTax will ask you questions to record the donation correctly.

@Zany2401

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Z

Zany2401

I have a family burial plot of 8 graves that I want to donate to the Hebrew free burial association.

It cost me 3500 dollars and has a market value today of about 30,000 dollars. Can I deduct the full amount in one year from my Taxes Or what is the procedure.