FORM 8283

Definition

Form 8283 reports noncash charitable contributions over threshold amounts. It documents the property donated, the donee's acknowledgment, and qualified appraisals where required. Donors of appreciated assets may claim deductions subject to percentage limits and holding-period rules. Proper completion supports audit defense and aligns charitable planning with tax objectives.

Common Usage

When donating appreciated property, advisors coordinate qualified appraisals and ensure timely acknowledgments. Proper Form 8283 documentation protects deductions and aligns giving with tax strategy.