What is 'Form 8283'

Form 8283 is a tax form distributed by the Internal Revenue Service, IRS, and used by filers who wish to deduct noncash contributions made to a qualifying charitable organization. Deductions for noncash contributions are reported as itemized deductions. Noncash contributions can include securities, property, vehicles, collectibles or art. Form 8283 is available on the IRS website along with full instructions for filling it out.  


Form 8283 is necessary for declaring the value of noncash contributions because those contributions may be subjective and could have different variables that determine its value to certain parties. Unlike donating cash, the donated noncash items may require an appraisal in order to determine value. Form 8283 requires a declaration by the appraising party indicating that the party is not the donor, donee, party to the transaction and does not have any conflict of interest that might influence the value at which an item is appraised.

According to the IRS website, Form 8283 is required for all individuals, partnerships and corporations to report their noncash charitable contribution 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 the Form 8283 only if their charitable donation exceeds $5,000.

What is Form 8283 not to be used for? Form 8283 is not used for reporting out-of-pocket expenses acquired for any volunteer or charitable work or for any amounts you contributed that were cash or credit payments or expenses. The form is also not used for actually figuring out the amount that you as a company or individual can deduct for your charitable donation. A separate form is used to figure out the amount you can deduct based on your contribution or donation or you may consult with a tax professional.

Example of Form 8283

Ms. Smith has a vase that has been in her family for generations. She has had the vase appraised by a professional appraiser and it is found to have a value of $100,000. Ms. Smith decides to donate her vase to a local silent auction that is being held to raise money for a mother going through cancer treatments. She does not ask for any payment or anything in exchange for donating her vase. However, while preparing her taxes, Ms. Smith’s account is able to file a Form 8283 to show the value of what she donated in order to claim her charitable contribution as a tax deduction.

  1. Charitable Donation

    A charitable donation is a gift, which may be cash or other property, ...
  2. Qualified Appraisal

    A qualified appraisal is created, signed and dated by a qualified ...
  3. Charitable Contributions Deduction

    Within certain limitations, the Charitable Contributions Deduction ...
  4. Form 8282: Donee Information Return

    Form 8282: Donee Information Return is used by organizations ...
  5. Qualified Charitable Organization

    A qualified charitable organization is a nonprofit organization ...
  6. Quid Pro Quo Contribution

    A quid pro quo contribution is one in which the donor receives ...
Related Articles
  1. Taxes

    Tips on Deducting Charitable Contributions

    Gifts to charity are one of the best tax saving opportunities available. As with most government benefits, there are rules, regulations, and limits.
  2. Financial Advisor

    Non-Cash Contribution Rules Could Cut Returns

    Higher standards for certain contributions could mean smaller deductions for you.
  3. Managing Wealth

    It Is Better To Give AND Receive

    You give to benefit others, but there can be perks for you too.
  4. Taxes

    7 Ways To Minimize Your 2014 Taxes By December 31

    The year's not quite over yet. See whether taking any of these steps would leave you owing less in 2014 taxes, come April.
  5. Taxes

    Are You Getting a Tax Deduction for Your Donation?

    When done properly, a charitable donation of your RMD can equal a tax deduction for you.
  6. Taxes

    3 Ways to Minimize Your Taxable Gains By Giving

    Consider these three ways to minimize taxable gains via charitable contributions.
  7. Financial Advisor

    A Primer on Philanthropic Vehicles

    Philanthropy and charitable giving are important to many of your clients and this is an area where you can differentiate yourself as an advisor. Helping clients meet these goals is not only the ...
  8. Taxes

    5 Reasons to Give to a Donor Advised Fund

    Investors who are charitably inclined should consider giving to a donor advised fund for these five reasons.
  9. Insights

    Top 5 Corporate Donors in Big Pharma (GILD, MRK)

    Gilead Sciences, Merck and Pfizer were among the biggest corporate cash donors from the drug and health care sector last year, sums of money that were sometimes eyepopping.
Trading Center