donated Mausoleum crypt to our church

[tyke5152]

We donated our mausoleum crypt to our church.  Current value of the crypt according to the cemetery is $8,895.  We have a signed statement from the cemetery of this value.  Do we need to file form 8283 and can we use the salesperson from the cemetery as the appraiser?  

Thanks.

[ColeenD3]

Yes, you will need Form 8283, as it is a non-cash contribution. Yes, you can use the cemetary appraiser, assuming they meet the following IRS requirment:

The appraiser makes a declaration in the appraisal that, because of his or her experience and education, he or she is qualified to make appraisals of the type of property being valued.

You will need to fill out Section B if you are claiming the $$8895. Remember, however, that you may not be able to deduct the full Fair Market Value. There are special rules it the property has appreciated since its purchase.

Capital gain property. Capital gain property is property that would result in long-term capital gain if it were sold at its FMV on the date it was contributed.

Please see the link below for more detailed information.

Form 8283