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InKind Donation Receipt This gift is donated by:OrganizationIndividualDONOR CONTACT INFO Name: ___Organization: ___Address: ___City: ___Phone: ___State: ___Zip: ___Email: ___GIFT INFO Description
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01
Obtain the donation gift form from the organization providing the gift.
02
Fill out your personal information such as your name, contact information, and any other required details.
03
Provide details about the gift being donated, including a description, value, and any special instructions.
04
Sign and date the form to confirm your donation.
05
Submit the completed form to the organization either in person or by mail.

Who needs this gift is donated?

01
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02
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A gift that is donated typically refers to property or assets transferred without compensation, where the donor does not expect anything in return.
The donor, or the person making the gift, is required to file a gift tax return if the value of the gift exceeds the annual exclusion limit set by the IRS.
To fill out the gift tax return, IRS Form 709 should be completed, detailing the donor's information, the recipient's information, and the value of the gifts made during the year.
The purpose of filing a gift tax return is to report gifts made that exceed the annual exclusion limit and to calculate any potential gift tax that may be owed.
The information that must be reported includes the donor's name and address, recipient's name and address, description of the gift, date of the gift, and the fair market value of the gift.
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