Basics of Form 8283
Form 8283 is used to report non-cash charitable donations over $500.
Reminder: There’s No Such Thing as a $500 Non-Cash Charitable Contribution “Standard Deduction”
This comes up every tax season and seems to be something people don’t understand. On Schedule A, for itemized deductions, there’s no such thing as a “$500 standard deduction for non-cash charitable contributions.”
Proper Documentation of Charitable Contributions
Questions often arise about how to properly document charitable contributions. Here’s a brief overview.