IRS Form 8283 is used to report noncash charitable contributions when your total deduction for donated property is more than 500 dollars for the year and you itemize deductions. It applies to individuals, partnerships, and corporations that donate property such as clothing, household goods, artwork, vehicles, securities, or real estate to qualified charities. The form records a description of the property, the date you acquired it, how you acquired it, your cost or other basis, and its fair market value on the donation date. It also asks which valuation method you used and whether you received anything in return. This information lets the IRS evaluate the reasonableness of claimed values and confirm that the recipient organization is eligible to receive tax deductible contributions.
