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Screen 8283P1 - Noncash Contributions Less Than $5,000 (1040)
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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.
note
- Use the 1098C screen, Contributions of Motor Vehicles, Boats, and Airplanes to enter information related to the donation of a vehicle, boat, or airplane. Contributions entered on the 1098C screen will be reported on Form 8283, Page 1 when the applicable reporting method is selected.
- One Form 8283, Page 1 generates for each 5 input screens completed. The exception to this rule is if partial interest and/or restricted use information is entered, in which case a separate Form 8283 generates for each item with partial interest and/or restricted use information.
- To proforma Form 8283, General and Donee Organization Information, selectSetupthen1040 Individual, selectOther Return Options, select theProformatab, and mark theForm 8283 general and donee organization informationcheckbox.
Form 8283, Section A - General Information
State
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.
Contribution type
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.
Elect to apply 50% reduction rule...
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.note
- If you make this election in the 8283P1 screen, don’t make the same election in the Elect screen in the Elections folder, as duplicate elections may print.
- When this field is marked, UltraTax CS doesn’t automatically recalculate the allowable deduction for capital gain property using the 50 percent reduction rule. Only the paper election statement required to be submitted with the tax return will print when this field is marked.
State use
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).note
- For Colorado returns, enter the state use code9to designate a contribution as qualifying for a conservation easement in gross credit. Colorado uses the charitable contribution deduction, taken on the federal Schedule A, to determine the amount of any addition to income required on the Colorado forms.
- For Indiana returns, information on this screen is not used by UltraTax CS/1040-IN. If the contribution qualifies for the Indiana Schedule CC-40 credit contributions made to Indiana colleges and universities, enter the information on the INCr screen. If you enter24in this field, the 1040-Indiana program displays a reminder diagnostic message if no amounts were entered in the statement for Schedule CC-40 credit detail on the INCr screen.
- For Iowa returns, enter the state use code13to identify the School Tuition Organization contributions. Use state use code21to identify the Qualified Conservation contributions. The amounts will transfer to UltraTax CS/1040-IA to be used when calculating Form IA 148. If the contribution is subject to AGI limitations, UltraTax CS will exclude only the amount allowed on federal Schedule A from Iowa Schedule A. Any disallowed federal carryover will proforma and the future Iowa Schedule A will be adjusted.
- For Missouri returns, enter the state use code18to designate a Food pantry contribution. Missouri uses the charitable contribution deduction taken on federal Schedule A to determine the amount of addition to income required on the Missouri forms.
- For Oregon returns, enter the state use code10,11,14,15, or16to identify the type of credit for which the contributions qualify. For code10, enter the amount of the matching contribution on a separate line from the original contribution to the Oregon Cultural Trust. The add-back to income and the credit amount will display on the Oregon forms with the proper codes.
Description of donated property
Enter a description of the donated property. This information is used to complete Form 8283. This field is mandatory.
Donee organization
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.Date of contribution or date received by donee organization
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.Date acquired by donor
If the amount claimed as a deduction for this item is more than $500, enter the date the property was acquired by the donor.
How acquired by 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.
Donor's cost or basis
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.
Fair market value
Use this field to enter the fair market value of the property on the date the property was donated.
Contribution amount if different than FMV
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.Explanation if reduced FMV or...
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.
Method used to determine FMV
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.note
- If the fair market value is less than $500, columns (e), (f), and (g) are not completed for a given donation on lines A through E of Form 8283, Part I. This is in accordance with IRS Form 8283 instructions.
- To force columns (e), (f), and (g) to print if they have data and whether or not they are required, selectSetup,1040 Individual,Other Return Options, theReturn Presentationtab, and mark thePrint Form 8283 columns (e),(f) and (g) if not requiredcheckbox in theOther groupsection.
If other
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.Tax from recapture of fractional interest...
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.
Donee organization (if different)
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.Person with actual possession
Enter the name of any person, other than the donee organization, who has actual possession of the property.