A non cash gift is any donated property other than money, checks, or electronic payments. Common examples include clothing, furniture, appliances, books, jewelry, collectibles, artwork, vehicles, boats, securities, and real estate contributed to qualified charities. These items are generally valued at their fair market value on the date of the donation, which is the price a willing buyer would pay and a willing seller would accept. The valuation should reflect the item’s actual used condition and local market. Out of pocket expenses you pay while performing volunteer services are not treated as non cash property even though they are not donated cash themselves, so they are not listed on Form 8283. When your total deduction for non cash gifts in a year exceeds 500 dollars, you must report them on Form 8283.
