Question

Why do I need form 8283 if my noncash charitable contributions are under $5,000?

Forum|Forum|2 years ago
January 27, 2024
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TurboTax Deluxe Online

Employee

Individuals, partnerships, and corporations file Form 8283 to report information about noncash charitable contributions when the amount of their deduction for all noncash gifts is more than $500.

M

Mike9241

Just an FYI. when the value of non-cash items donated to a charity for which you take a tax deduction is more than $5,000 then you need a written appraisal from a qualified appraiser that must be included with your tax return. There is an exception for publicly traded securities for nonpublicly traded securities the threshhold is $10,000