How are charitable contribution deductions reported on the tax return for individuals? What reporting requirements must be met for the contribution of property?

A. Charitable contribution deductions are reported on Schedule A of the individual's tax return. If contributions of property exceed $250, Form 8283 must also be submitted. Additionally, if contributions in excess of $500 are made, no deduction is allowed unless the taxpayer obtains and retains a contemporaneous, written acknowledgment by the donee organization.

B. Charitable contribution deductions are reported as a deduction for AGI on the individual's tax return. Form 8283 must also be submitted for all charitable donations.

C. Charitable contribution deductions are reported on Schedule A of the individual's tax return. If contributions of property exceed $500, Form 8283 must also be submitted. Additionally, if contributions in excess of $250 are made, no deduction is allowed unless the taxpayer obtains and retains a contemporaneous, written acknowledgment by the donee organization.

D. Charitable contribution deductions are reported as a deduction for AGI on the individual's tax return. No deduction is allowed for any charitable donation unless the taxpayer obtains and retains a contemporaneous, written acknowledgment by the donee organization