How to fill Contributions, Gifts, Grants, and Similar Amounts $5,000 or more you receive?
471 views | Last modified 11/9/2020 5:20:43 AM EST | Added by ExpressTaxExempt Team

To fill Contributions, Gifts, Grants, and Similar Amounts $5,000 or more you receive, provide the contributor's name, the nature of the contributor (individual, associated organization, and etc.,) and specify the type of contributions- cash or noncash. If it's a noncash contribution, you need to choose the type of property contributed, and its equivalent FMV (Fair Market Value). 

You can add contributions in two ways.

1. Add each Contribution Individually.
2. Bulk Upload the Contributions using the bulk upload option (the preferred option if you have received multiple contributions during the year). 

Note: As you provide these details, the application will generate Form Schedule B in the backdrop, and you'll have all these details there.