Screen 8283-2 - Noncash Contributions Greater Than $5,000 (1065)

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Overview

Use this screen to enter noncash contributions of items or groups of similar items greater than $5,000.
note
  • The application generates one Form 8283, Page 2 for each the 8283-2 Screen.
  • Use the1098C Screen to report noncash contributions of motor vehicles, boats, or airplanes.

Donated Property Information

Bargain sale amount received
Enter the amount received for a bargain sale. When Appraised FMV is selected in the
Deduction code
field, the application subtracts this amount from the amount entered in the
Fair market value
field for the contribution amount on Schedule K.
Fair market value
Enter the fair market value of the property on the date the property was donated. When Appraised FMV is selected in the
Deduction code
field, the application subtracts the amount entered in the
Bargain sale amount received
field from the amount entered in this field for the contribution amount on Schedule K.

Appraiser Information

Identifying letter of appraised property
Enter
A
,
B
,
C
, or
D
to identify the Form 8283, Page 2, Section B, Part I property. The application automatically transfers the description entered in the
Description of property
field that corresponds with the identifying letter entered in this field. If a different description is preferred, you can use the
Specific item description (Force)
field to override the description that transfers.

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