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Deductions & credits
I actually worked out a scenario and got this to appear correctly in part 11 of the 8283. Now let me list the steps. I did this with you in mind.
- Keep in mind, the only way this will be populated on the 8283 is that you indicate that you gave away less than an entire interest listed in Section B part 1.
- OR if there were conditions you place on the Section B part 1 contribution.
- If the answer is yes to both, then let's proceed.
- Now go to the charitable contribution section of your return.
- in choosing the category, I chose other intangible property.
- When it ask what the method of determining value, I said present value.
- Next screen asks purchase info, I put in created as the method of purchase.
- Then scrolled through the screen until it asked for the name and address of the charity.
- On the next screen, it asks if either you retained partial ownership of the donation or
- If you attached conditions. If you say none of the above on this screen, the information will not populate in Part 11 of the 8283. So let's say yes to this particular example.
- Next screen will ask if you retained partial ownership, say yes.
- Next screen will ask if you contributed in a prior year. If yes, then it will ask you the name of the charity you contributed to in prior years.
- Next question will ask if you placed special conditions on the contribution. if so, what were they?
- You can also edit the information in the form entitled additional info(XXX) underneath the Charitable Org (XXXX) form in your list of forms.
- Remember the two requirements for the information to populate in Part11 of he 8283.
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‎April 22, 2021
3:39 PM