Form 8283
Noncash Charitable Contributions, the form attached to your return once your deduction for noncash gifts is more than $500.
The Instructions for Form 8283 state: "You must file one or more Forms 8283 if the amount of your deduction for each noncash contribution is more than $500." IRS Topic no. 506 puts the same threshold as a deduction for any noncash contribution of more than $500.
The form asks, column by column, for a description of the donated property, when and how you acquired it, your cost or adjusted basis, the fair market value you are claiming, and the method you used to determine that value. That last column is where a sourced valuation earns its keep.
The form splits at $5,000. Section A carries donations of more than $500 but not more than $5,000, along with publicly traded securities and certain other categories at any amount. Section B carries larger donations and generally requires a qualified appraisal and a signature from the receiving organization.
Sources
- Form 8283, Noncash Charitable ContributionsIRS, IRS form
- Instructions for Form 8283IRS, IRS form
- Topic no. 506, Charitable contributionsIRS, IRS guidance
Definitions describe the rule as published. They are not tax advice, and almost every threshold above has an exception attached to it in the underlying publication. Confirm anything that affects a return with a qualified tax professional.
Related terms
Form 8283 Section B
The part of Form 8283 for donations over $5,000, requiring a qualified appraisal, an appraiser declaration, and the donee's signed acknowledgement.
Group of similar items
Items of the same general category or type, which are aggregated when testing the $5,000 appraisal threshold.
Qualified appraisal
A formal written valuation, prepared by a qualified appraiser under professional standards, generally required for deductions over $5,000.
Form 8282
Donee Information Return, filed by a charity that disposes of donated property within three years of receiving it.
Values with the source attached
DeductiBee applies a cited fair-market-value range to everything you donate, keeps the photo with the record, and exports a Form 8283 worksheet when you file.
