Cherry Hill, NJ
Do I have a business or a Hobby?
Non-Cash value guide; use this information carefully. The lower numbers are typically what to use. Higher values within the range would only be applicable to new or like-new items purchased from high-end retailers. If any category of donation equals or exceeds $500, additional information is needed (date of purchase, original cost and date of purchase, in addition to the usual requirement of date/recipient's information/value of donation).
New 2018 $500. non-refundable credit for non-child dependents in this link too!
NEW 2018 20% deduction for pass-through income. The new 199A Qualified Business Income Deduction may apply to you if you have "pass through" income: (Landlords and many Small Business Owners, and many K-1 recipients). This is a potentially HUGE impact, and carries with it an enormous amount of paperwork, multiple calculations, and lengthy discussion! If you are a landlord, a business owner, or K-1 recipient - call us right away!
Due Diligence and links for IRS credits