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Federal input screens

Screen 8283P1 - Noncash Contributions Less Than $5,000 (1040)

Overview

Use this screen to report noncash charitable contributions greater than $500 but less than $5,000, and publicly traded securities and other property if the deduction exceeds $5,000. Enter the information for each item or group of similar items on a separate input screen.

Form 8283, Section A - General Information

If you are processing a state return, enter a state postal code for proper state processing. Press F4 from this field to view a list of available state postal codes.
Refer to the State fields in UltraTax CS/1040 for more information.
Indicate the type of property contributed. The available codes are listed in the corresponding dropdown. If you don’t make an entry, UltraTax CS defaults to 50% property as the type of property contributed.
Enter
X
 in this field to elect to apply the 50 percent reduction rule to capital gain property contributions. The tax election will automatically print with the return when you mark this field. If you file the return electronically, the tax election will be included in the electronic file.
If applicable, enter a state use code or select a code from the dropdown. The codes that are available in this field are specific to the state postal code entered in the
State
 field. If state use codes don't apply to the entered state, this field isn't available (shaded).
Enter a description of the donated property. This information is used to complete Form 8283. This field is mandatory.
Enter the name and address of the donee organization.
The
Name
 field contains a linked custom dropdown, which enables you to enter data automatically in the related
Address
,
City
,
state
, and
zip code
 fields. Select the down arrow and choose
Edit Multi-field Custom Fieldview
 to open the
Custom Fieldview
 window, in which you can enter, edit, or select a dropdown item for these linked fields. Refer to the
What is a "custom dropdown"?
 for more information about linked custom fieldviews.
Enter the date of contribution or the date the gift was received by the donee organization. You can also enter
V
 for Various. If no date of contribution is entered, information entered on the 8283P1 screen won’t be reported on Form 8283.
If the amount claimed as a deduction for this item is more than $500, enter the date the property was acquired by the donor.
If the amount claimed as a deduction for this item is more than $500, use this field to identify the method the property was acquired by the donor. The available codes are listed in the corresponding dropdown. If you don’t make an entry, UltraTax CS defaults to Purchase as the method of acquisition reported on Form 8283.
If the amount claimed as a deduction for this item is more than $500, enter the cost or basis of the donated property in this field. Enter 0 (zero) in these fields for instances when the donor has no basis.
Use this field to enter the fair market value of the property on the date the property was donated.
Enter the amount of charitable contribution to appear on Schedule A if it is different than the fair market value entered in the
Fair market value
 field.
Use this field to provide an explanation when the donated property is reported at a reduced fair market value, or if the property meets the criteria of a qualified conservation contribution.
Use this field to report the method used to determine the fair market value of the property on the date of donation. The available codes are listed in the corresponding dropdown. If you don’t make an entry, UltraTax CS defaults to
Thrift shop value
 as the method used to determine the FMV.
If you entered code
O
 in the
Method used to determine FMV
 field, enter the other method here. UltraTax CS prints the information in column (i) for a given donation on lines A through E of Form 8283, Part I.
Enter the amount of tax from the recapture of a charitable contribution deduction relating to the contribution of a fractional interest in tangible personal property. Amounts entered in this field transfer to Form 1040, line 62 or Form 1040NR, line 60, with the literal "FITPP." Income generated by the recapture of the charitable contribution should be entered in the
Other income
 field in the Income screen, located in the Income folder.

Partial Interest Information

Use this section to enter information for donations of only a partial interest in the property. UltraTax CS uses this information to complete Form 8283, Page 1, Section A, Part II, question 2.
If the organization that received the prior interest in the property is the same as the one receiving the partial interest this year, don’t complete this field. If the organizations are different, enter the prior-year organization's name and address in the corresponding fields.
The
Donee organization (if different): Name
 field contains a linked custom dropdown, which enables you to enter data automatically in the related
Address
,
City
,
state
, and
zip code
 fields. Select the down arrow and choose
Edit Multi-field Custom Fieldview
 to open the
Custom Fieldview
 window, in which you can enter, edit, or select a dropdown item for these linked fields. Refer to the
What is a "custom dropdown"?
 for more information about linked custom fieldviews.
Enter the name of any person, other than the donee organization, who has actual possession of the property.
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