IRS Form 8283

In some charitable giving cases, an IRS form 8283 is needed. When you make a charitable contribution of more than a certain value, you need to attach IRS form 8283 with your IRS tax form 1040.

When do I need to file IRS tax form 8283 with my tax return?

An IRS tax form 8283 is needed when the total tax deduction you claim from charitable giving of all your charitable donations of property exceeds $500. If you fail to attach IRS tax form 8283 with my tax return, the IRS may disallow your tax deduction claim from charitable giving.

Claiming a tax deduction of more than $5000 from charitable giving

If you are claiming a tax deduction of more than $5000 from charitable giving of a single item, or a group of similar items (such as coins, stamps, books, paintings. or buildings), you need a written appraisal which must be summarized in Section B, Part I of IRS tax Form 8283. The appraiser must complete Part III in section B of  IRS tax form 8283. Keep the appraisal for your records unless you donate art valued at $20,000 or more.

Exception of written proof of charitable giving

You do not need a written appraisal for publicly traded securities and non publicly traded stock of $10,000 or less.

Donating art of value $20,000 or more

When you make a charitable contribution of art of charitable contribution value $20,000 or more, you must attach a complete copy of the appraisal to the IRS tax form 8283. You may be asked by the IRS to submit a color photograph (8"x10") or a slide of the art (4"x5").