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February 6, 2025
Question

What is the charitable acquisition date?

  • February 6, 2025
  • 1 reply
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Date donated and acquired must be different?

    1 reply

    RachelW33
    February 7, 2025

    The charitable acquisition date is the approximate date that you acquired the item that you are donating.  If you are donating a group of similar items that were acquired on different dates, you can use Various as the acquisition date if you owned them at least a year.   

     

    In most instances, the date donated will be different than the date acquired.  However, items that you buy and then immediately donate can be entered as a cash donation.  One example of this would be buying groceries for a food bank.

     

    For more information, please see IRS instructions for Form 8283.

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