Form 8282: Donee Information Return

Definition of 'Form 8282: Donee Information Return'


An IRS tax form used by organizations to report the sale or disposition of donated property to the IRS and to donors. Form 8282 is used by the original and successor organizations that received a piece of property if the property is disposed of within three years of the original donation.

If the property in question is worth less than $500 or if it is disposed of in order to fulfill the purpose of the charitable organization (e.g. school supplies distributed by an education-related charity), then the organization may not have to file Form 8282.

Investopedia explains 'Form 8282: Donee Information Return'


The original organization that received the property must provide the successive organization (the one receiving the property) with a copy of Form 8283, which was signed by the donor at the time of the donation to the original organization, as well as a copy of Form 8282 within 15 days of the disposition. The successor organization must provide the original organization with a document outlining the date the transfer of property was received. The original donor must be provided with a copy of Form 8282.

If an organization disposes of a motor vehicle, boat or airplane, it should refer to IRS Publication 526 for more information.


Filed Under:

comments powered by Disqus
Hot Definitions
  1. Oil Reserves

    An estimate of the amount of crude oil located in a particular economic region. Oil reserves must have the potential of being extracted under current technological constraints. For example, if oil pools are located at unattainable depths, they would not be considered part of the nation's reserves.
  2. Joint Venture - JV

    A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. In a joint venture (JV), each of the participants is responsible for profits, losses and costs associated with it.
  3. Aggregate Risk

    The exposure of a bank, financial institution, or any type of major investor to foreign exchange contracts - both spot and forward - from a single counterparty or client. Aggregate risk in forex may also be defined as the total exposure of an entity to changes or fluctuations in currency rates.
  4. Organic Growth

    The growth rate that a company can achieve by increasing output and enhancing sales. This excludes any profits or growth acquired from takeovers, acquisitions or mergers. Takeovers, acquisitions and mergers do not bring about profits generated within the company, and are therefore not considered organic.
  5. Family Limited Partnership - FLP

    A type of partnership designed to centralize family business or investment accounts. FLPs pool together a family's assets into one single family-owned business partnership that family members own shares of. FLPs are frequently used as an estate tax minimization strategy, as shares in the FLP can be transferred between generations, at lower taxation rates than would be applied to the partnership's holdings.
  6. Yield Burning

    The illegal practice of underwriters marking up the prices on bonds for the purpose of reducing the yield on the bond. This practice, referred to as "burning the yield," is done after the bond is placed in escrow for an investor who is awaiting repayment.
Trading Center