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March 9, 2007, Newsletter Issue #47: File Form 8283 if the sum of your non-cash donations in a year is greater than $500.
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Tip of the Week
If you claim a deduction on your return of over $500 for all contributed property, you must attach a Form 8283 (PDF), Non-cash Charitable Contributions, to your return. If you claim a total deduction of $5,000 or less for all contributed property, you need only complete Section A of Form 8283. If you claim a deduction of more than $5,000 for an item or group of similar items, you need to complete Section B of Form 8283, which requires a qualified appraisal by a professional appraiser.
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