Instructions For Form 8283 (Page 3 of 4) in pdf

the one listed on line 1, column (a), do

Appraisal Requirements

available because the issue satisfies the

five requirements described in

not complete line 2c.

The appraisal must be made not earlier

Regulations section 1.170A-13(c)(7)(xi)(B).

than 60 days before the date you

Lines 3a–3c

contribute the property. You must

Part II, Taxpayer (Donor)

Complete lines 3a–3c only if you

receive the appraisal before the due

Statement

attached restrictions to the right to the

date (including extensions) of the return

income, use, or disposition of the

Complete Part II only for items included

on which you first claim a deduction for

donated property. Attach a statement

in Part I that have an appraised value of

the property. For a deduction first

explaining:

$500 or less per item. Be sure to clearly

claimed on an amended return, the

The terms of any agreement or

identify these items in Part II. This is

appraisal must be received before the

understanding regarding the restriction,

necessary because the donee may not

date the amended return was filed.

and

know the value of the donated property,

A separate qualified appraisal and a

since you are not required to show it in

Whether the property is designated

separate Form 8283 are required for

Part I on the donee’s copy of Form

for a particular use.

each item of property except for an item

8283.

that is part of a group of similar items.

An example of a “restricted use” is

If you (the donor) complete Part II, the

Only one appraisal is required for a

furniture that you gave only to be used

donee does not have to file Form 8282

group of similar items contributed in the

in the reading room of an organization’s

for items valued at $500 or less. See the

same tax year, if it includes all the

library.

Note on page 4 for more details about

required information for each item.

filing Form 8282.

Section B

The appraiser may select any items

The amount of information you give in

the aggregate value of which is

Part I, Information on Donated

Part II depends on the description of the

appraised at $100 or less for which a

donated property you enter in Part I. If

Property

group description rather than a specific

you separately show a single item as

description of each item will suffice.

You must have a written appraisal from a

“Property A” in Part I and that item is

If you gave similar items to more than

qualified appraiser that supports the

appraised at $500 or less, then the entry

one donee for which you claimed a total

information in Part I. However, see the

“Property A” in Part II is enough.

deduction of more than $5,000, you

Exception below.

However, if “Property A” consists of

must attach a separate form for each

Use Part I to summarize your

several items and the total appraised

donee.

appraisal(s). Generally, you do not need

value is over $500, list in Part II any

Example. You claimed a deduction of

to attach the appraisals but you should

item(s) you gave that is valued at $500

$2,000 for books given to College A,

keep them for your records. But see Art

or less.

$2,500 for books given to College B,

Valued at $20,000 or More below.

All shares of nonpublicly traded stock

and $900 for books given to a public

Exception. You do not need a written

or items in a set are considered one

library. You must attach a separate Form

appraisal if the property is:

item. For example, a book collection by

8283 for each donee.

the same author, components of a

1. Nonpublicly traded stock of

See Regulations section

stereo system, or six place settings of a

$10,000 or less,

1.170A-13(c)(3)(i)–(ii) for the definition of

pattern of silverware are one item for the

2. Certain securities considered to

a “qualified appraisal” and information to

$500 test.

have market quotations readily available

be included in the appraisal.

Example. You donated books valued at

(see Regulations section

Line 5

1.170A-13(c)(7)(xi)(B)),

$6,000. The appraisal states that one of

the items, a collection of books by

3. A donation by a C corporation

Note: You must complete at least

author “X,” is worth $400. On the Form

(other than a closely held corporation or

column (a) of line 5 (also column (b) if

8283 that you are required to give the

personal service corporation), or

applicable) before submitting Form 8283

donee, you decide not to show the

to the donee. You may then complete

4. Inventory and other property

appraised value of all of the books. But

the remaining columns.

donated by a closely held corporation or

you also don’t want the donee to have

a personal service corporation that are

Column (a).—Provide enough detail so a

to file Form 8282 if the collection of

“qualified contributions” for the care of

person unfamiliar with the property could

books is sold. If your description of

the ill, the needy, or infants, within the

identify it in the appraisal.

Property A on line 5 includes all the

meaning of section 170(e)(3)(A).

Column (c).—Include the FMV from the

books, then specify in Part II the

Although a written appraisal is not

appraisal. If you were not required to get

“collection of books by X included in

required for the types of property listed

an appraisal, include the FMV you

Property A.” But if your Property A

above, you must provide certain

determine to be correct.

description is “collection of books by X,”

information in Part I of Section B (see

the only required entry in Part II is

Columns (d)–(f).—If you have

Regulations section 1.170A-13(c)(4)(iv))

“Property A.”

reasonable cause for not providing the

and have the donee organization

information in any of these columns,

In the above example, you may have

complete Part IV.

attach an explanation so that your

chosen instead to give a completed

Art Valued at $20,000 or More.—If your

deduction won’t be automatically

copy of Form 8283 to the donee. The

total deduction for art is $20,000 or

disallowed.

donee would then be aware of the value.

more, you must attach a complete copy

If you include all the books as Property

Column (g).—A bargain sale is a

of the signed appraisal. For individual

A on line 5, and enter $6,000 in column

transfer of property that is in part a sale

objects valued at $20,000 or more, a

(c), you may still want to describe the

or exchange and in part a contribution.

photograph must be provided upon

specific collection in Part II so the donee

Enter the amount received for bargain

request. The photograph must be of

can sell it without filing Form 8282.

sales.

sufficient size (preferably an 8 x 10 inch

Column (h).—Complete column (h) only

Part III, Declaration of Appraiser

color photograph or a color transparency

if you were not required to get an

no smaller than 4 x 5 inches) and quality

If you had to get an appraisal, the

appraisal, as explained earlier.

to fully show the object.

appraiser MUST complete Part III to be

Column (i).—Complete column (i) only if

considered qualified. See Regulations

you donated securities for which market

quotations are considered to be readily

Page 3

Instructions For Form 8283 Page 3

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