Tax Rules for Gifts of Personal Property
Tax Rules for Gifts of Personal Property
Churches and their donors need to understand how to substantiate gifts— from cars to clothing.

This article is the second of a two-part series on substantiating noncash gifts. Part one on noncash real property appeared in the August issue. What follows are substantiation considerations for "personal property"—such as clothing, cars, boats, household items, and stock.

Log In For Full Access

Interested in becoming a member? Learn more.

From Issue:
View All
from our store
2019 Church & Clergy Tax Guide

2019 Church & Clergy Tax Guide

Find comprehensive help understanding United States tax laws as they relate to pastors and churches.
Charitable Contributions Bulletin Inserts

Charitable Contributions Bulletin Inserts

Help your members give more by answering their charitable giving and tax law questions.
Church Fundraising Campaigns

Church Fundraising Campaigns

Discover tips on raising and borrowing money.
Increase Giving at Church

Increase Giving at Church

Develop practical and digital strategies to cultivate a culture of giving.

ChurchSalary

ChurchSalary

Experience a whole new way to set compensation. Eliminate the guesswork – get access to detailed compensation reports in just minutes.