An 8283 was submitted for our signature where in part A a collection of 6 items gifted (without appraisal, but with FMV support) totaled $7,000 and part B included one item appraised at $6,800. All items are medical equipment. My understanding is that the $7,000 items should be in part B also as they total over $5,000. At the mention of this to the donor, he advised he did not put them in B because they were not in the appraisal. He has requested our signature as-is. Do we sign and let him work it out with his tax advisor?
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Jayme Fancher
San Diego State University
jfancher@sdsu.edu------------------------------