Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
P
pmschoppe
June 4, 2019
Solved

How do I handle a 501 (c) (3) payout?

  • June 4, 2019
  • 1 reply
  • 0 views
we received donations from two 501 (c) (3) charities, where do I log that info in my tax return.  and also what product is best for me to buy to file my tax return for 2016 to handle this scenario?  the deluxe or do I need the premier?
Best answer by SweetieJean

Unless you did something in return for those donations, they are gifts and are not taxable income to you.

1 reply

S
SweetieJeanAnswer
Employee
June 4, 2019

Unless you did something in return for those donations, they are gifts and are not taxable income to you.

S
SweetieJean
Employee
June 4, 2019
If you itemize, though, you can record those funds as non taxable income for purposes of the Sales Tax deduction.
TurboTax Sign In Widget
TurboTax flag icon

Unlock tailored help options in your account

Create an account
TurboTax Expert Assist
TurboTax Expert

Get answers to all your tax questions

Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

Terms & ConditionsAccessibility statement
Intuit
TurboTax Credit Karma QuickBooks MailChimp

©1997-2022 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
of Intuit Inc. Terms and conditions, features, support, pricing, and service options
subject to change without notice.

Security Certification of the TurboTax Online application has been performed by
C-Level Security.

By accessing and using this page you agree to the Terms of Use.

Accessibility

TRUSTe nResult Certified e-File C-Level Security Certification