Home > Other IRS Forms > Instructions for How to Fill out IRS Form 8283

Instructions for How to Fill out IRS Form 8283

Audrey Goodwin

2024-03-22 16:31:28 • Filed to: Other IRS Forms • Proven solutions

The federal government allows you to have a deduction in the tax return if you have met the eligible criteria by making donations over a course of year. Usually, the institutions that are meant to promote religious, humanitarian, scientific, literary, educational or any other kind of charity qualify for this form.

Your Best Solution to Fill out IRS Form 8283

There are many software in the market that will help you to finish the application. But no other software can meet the quality of a Wondershare PDFelement - PDF Editor. They have prepared a user-friendly application that is very easy to use, no matter you are new to the software or you are an experienced professional.

Try It Free Try It Free BUY NOW BUY NOW

Key Features

Compatible with over 300 formats, including Word, Excel, Powerpoint, and image files.
Combine and split PDF documents any time you need.
Smart form filler to help you work on any form.
Short learning curve with the user-friendly interface

Instructions for How to Complete IRS Form 8283

Once you have opened the documents in the PDFelement, either by dragging it or by clicking "Open File" button and then selecting the PDF document from the window opened.

There are two parts for the document. In Part 1, you need to fill up the details of the donations that are made worth less than $5000. This will usually come as clothing and household items, that you have donated throughout the year, for which the total value is not more than $5000, but if you take the individual values, it is less.

Step 1: How to Fill Out Section A, Donated Property of $5,000 or Less and Publicly Traded Securities

Enter Information on Donated Property in Part I:

Part I of the application is to be filled with the details of the information on Donated Property. This is about the properties that are values less than $5,000. There are three columns there.

Columns A, B, and C:

In the column 1a, lines A to E is to be filled with the details of the organizations to which you have donated your items. Check the column B if you have donated a vehicle and enter its number. And use column C to describe the donated item.

Below are another series of columns, in which you have to fill in with details that includes, Date on which you made the contribution, which can be found on your receipt (d), Date on which the donor acquired the item (f). In column F enters the details of how you acquired the property. This can be by purchase, heir or buy gifts or any other way. Fill the column G with Donor's cost or adjusted basis; next column is for fair market price, which can be calculated by yourself. The last column is for explaining the methods you used to determine the value.

Enter Partial Interests and Restricted Use Property in Part II:

Section A-Part II is for Partial Interests and Restricted Use Property. You need to fill the details in the lines 2a to 2e in case you have paid less than the interest of the property that you have listed above. Lines from 3a to 3c is to explain the conditions that were placed on any of the donated items.

Step 2: How to fill Section B, Donated Property Over $5,000 (Except Publicly Traded Securities) This section is to enter the details about properties that you have donated that is worth more than $5,000.

Check the box in Question 4

In the question 4, check the right box, that can explain the item that you have donated.

Try It Free Try It Free BUY NOW BUY NOW

How to fill Column 5?

In 5a, you need to describe the item that you have donated, 5b is for explaining the condition of the property, 5c entering the FMV, 5d to enter the date you acquired it, 5e to explain how you acquired this property, 5f to explain how much you have paid, 5g to enter the details of the bargain sales, if any. 5h is to enter the amount deducted and fill the i with the date of contribution.

Declaration of Appraiser

This section is followed by the Declaration of Appraiser section. You need a sign and fill it with details like the details of address and identification number.

You need to sign below.

Step 3: Donee Acknowledgment

Finally, Part IV is for Donee Acknowledgment. This is to be completed by the charitable trust. You must include details like, Name, Address, Employment identification number, City, State, Zip code here.

Tips and Warnings for IRS Form 8283

If you have made a donate property worth $500 or more, they you can file and IRS form 8283 along with your tax return for to fill earn this.
You cannot use Form 8283 to report any expenses that you have made for volunteer work or the amount you have paid by using you credit card or check.
You need to make all the required reductions to FMV or fair market value before determining if you should file an IRS Form 8283.
To find out if your deduction to a group of the same type of items is more than $5,000, first consider an individual item, even though you have donated them to different organizations.
In Section B, you need to file a separate IRS form 8283 for different done organizations.
Even though your eligibility to file the Form 8283 is determined by the amount of the deduction, you are also expected to know the FMV of the items you have contributed to finish the application.
The reduction amount will be determined by the nature of the item. Whether it is an ordinary income property or capital gain property, the amount varies. You need to attach the statement of how you determined the reduction along with the tax return file.