Q1-3. How to process inventorying and providing proof for property acquired as gift?
A:
1. A letter from the donating party, invoice (or other proof of value) and a completed property purchase form (or card) is needed to inventory the property.
2. The price of the property cannot be listed in the donor's letter, but details such as the brand, type, manufacturing date and so on are acceptable in the letter.
1. A letter from the donating party, invoice (or other proof of value) and a completed property purchase form (or card) is needed to inventory the property.
2. The price of the property cannot be listed in the donor's letter, but details such as the brand, type, manufacturing date and so on are acceptable in the letter.
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