Form 8283: Noncash Charitable Contributions
Form 8283 reports noncash charitable contributions exceeding $500, including real property donations and conservation easements. Donations over $5,000 require a qualified appraisal and appraiser certification.
Real Estate Applications
- Donated land and buildings to qualified charities
- Conservation easement donations
- Partial interest donations (remainder interests)
- Bargain sales to charitable organizations
Requirements
- Over $500: Form 8283 Section A required
- Over $5,000: Qualified appraisal and Section B required
- Holding period: Must hold 1+ year for full FMV deduction
- AGI limit: 30% of AGI (5-year carryforward for excess)
- Charity acknowledgment: Required on the form
Conservation Easements
Deduction equals value before minus value after the easement. Must meet Section 170(h) requirements: conservation purpose, qualified organization, perpetual restriction. Subject to IRS scrutiny for valuation accuracy.
Related Terms
- Encumbrance — Easement as a property restriction
- Equity — Tax benefit of charitable giving
- Estate Planning — Charitable giving in estate plans
Barnes Walker Estate Planning
Barnes Walker's attorneys advise Florida property owners on charitable giving strategies, conservation easements, and tax-efficient donations. Request a legal inquiry for assistance.
Reviewed by the attorneys at Barnes Walker, Goethe, Shea & Robinson, PLLC