Yes, you do. Noncash donations over $500 in value require a record of how and when the items were acquired and their adjusted basis, and if the donation exceeds $5,000 in value, it'll need a written appraisal from a qualified appraiser.
- Your contributions may carryover to future years. See Excess charitable contributions. Otherwise, if you want to spread the donation over several future years, you may want to donate the cards over several future years.
Per IRS Topic
Number 506-Charitable Contributions: You must fill out Form 8283.pdf, Noncash Charitable Contributions and attach it to your return, if your deduction for a noncash contribution is more than $500.
- If you claim a deduction for a contribution of noncash property worth $5,000 or less, you must fill out Form 8283, Section A.
- If you claim a deduction for a contribution of noncash property worth more than $5,000, you'll need a qualified appraisal of the noncash property and must fill out Form 8283, Section B.
- Special rules apply to donations of certain types of property such as automobiles, inventory and investments that have appreciated in value. For more information, refer to Publication 526, Charitable Contributions.
- For information on determining the value of your noncash contributions, refer to Publication 561, Determining the Value of Donated Property.
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