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6. If one or more non-cash gifts has a fair market value over $500, the taxpayer must: Multiple Choice Attach a written explanation to the

6.

If one or more non-cash gifts has a fair market value over $500, the taxpayer must:

Multiple Choice

  • Attach a written explanation to the Form 1040.

  • Complete Schedule D.

  • File Form 8283.

  • Attach a letter from the recipient organization.

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