yes see this - you have to fill out form 8283
You must file Form 8283 if the amount of your deduction
for all noncash gifts is more than $500
Section A. Include in Section A the following items.
Items (or groups of similar items as defined later) for
which you claimed a deduction of $5,000 or less per item
(or group of similar items)
Similar Items of Property
Similar items of property are items of the same generic
category or type, such as coin collections, paintings,
books, clothing, jewelry, nonpublicly traded stock, land, or
buildings.
Example. You claimed a deduction of $400 for
clothing, $7,000 for publicly traded securities (quotations
published daily), and $6,000 for a collection of 15 books
($400 each). Report the clothing and securities in
Section A and the books (a group of similar items) in
Section B.
