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Which of the following statements is true regarding documentation requirements for charitable contributions? Multiple Choice A noncash contribution of less than $250 must be supported

Which of the following statements is true regarding documentation requirements for charitable contributions?

Multiple Choice

A noncash contribution of less than $250 must be supported by a cancelled check, or a receipt, or other written acknowledgement from the charitable organization.

If the total deduction for all noncash contributions for the year is more than $500, Section A of Form 8283, Noncash Charitable Contributions, must be completed.

A contribution charged to a credit card is considered a cash contribution for purposes of documentation requirements.

All of these are true.

.

.

Which of the following miscellaneous itemized deductions is not subject to the 2% of AGI threshold?

Multiple Choice

Investment expenses.

Gambling losses.

Unreimbursed employee expenses.

Tax preparation fees.

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