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Miami-Dade Florida Form Instructions 8283: What You Should Know
In other words, if a donor purports to make a virtual currency donation exceeding 5,000, there's an IRS rule that may be violated, so it's not wise to claim the donation in your tax return. So what does the donor do here? One possibility is that the donor reports the entire contribution as a charitable contribution. This is a mistake. The donor should claim only as much as is 5,000. Donor Charitable and Exempt Amounts If no exemption could be claimed by the donor, then the donor can See IRS Form 8283 instructions for more information. (12/2019)3. In other words, if a donor purports to make a virtual currency donation exceeding 5,000, so there's an IRS rule that may be violated, so it's not wise to claim the donation in your tax return.
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