Guide to IRS Form 8283: Noncash Charitable Contributions

What exactly is the IRS Form 8283?

IRS Form 8283: Noncash Charitable Contributions is a form distributed by the IRS for use in federal tax filing purposes. The form is specific to any charitable contribution that does not result in a cash transaction.

Who Can File IRS Form 8283: Noncash Charitable Contributions?

This form is available for individuals, partnerships, and corporations to report their noncash charitable contributions if the deduction for the noncash gift equals more than $500. The only exception to the $500 rule is for C-Corporations. Corporations with the C-corp tax status must file Form 8283 only if their charitable donation exceeds $5,000.

How do you file IRS Form 8283?

First download IRS Form 8283: Noncash Charitable Contributions.

Fill out and the form properly

Remember that:

If you claim a deduction for a contribution of noncash property worth $5,000 or less, you must fill out Form 8283, Section A. If you claim a deduction for a contribution of noncash property worth more than $5,000, you’ll need a qualified appraisal of the noncash property and must fill out Form 8283, Section B. If you claim a deduction for a contribution of noncash property worth more than $500,000, you’ll also need to attach the qualified appraisal to your return.

From IRS.gov.

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