TomK2023
Expert Alumni

Deductions & credits

If the donation exceeds $5,000 in value, it'll need a written appraisal from a qualified appraiser.

 

Generally, if the claimed deduction for an item or group of similar items of donated property is more than $5,000, and was made after December 31, 1984, you must: 

• Obtain a qualified appraisal signed and dated by a qualified appraiser, and 

• Complete and attach Form 8283 to your tax return. 

 

IRS Pub. 561 - Determining the Value of Donated Property (page 10)

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