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Level 2
June 3, 2019
Solved

Non cash charitable donations

  • June 3, 2019
  • 2 replies
  • 9 views

is there a form required for non cash donations?

    Best answer by CarolynM

    Yes, there is tax form 8283 for non cash contributions exceeding value of $500. 

    This is to ensure that the value reported is accurate. Non-cash items are valued at the fair market value on the date of the donation. 

    For more information, follow this link: https://www.irs.gov/forms-pubs/about-form-8283

    2 replies

    CarolynMAnswer
    Level 12
    June 3, 2019

    Yes, there is tax form 8283 for non cash contributions exceeding value of $500. 

    This is to ensure that the value reported is accurate. Non-cash items are valued at the fair market value on the date of the donation. 

    For more information, follow this link: https://www.irs.gov/forms-pubs/about-form-8283

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