Contact UsDo I need an appraisal for property that is donated in order to get a write-off? Do I need to file a form for donations over $500?
TaxConnections Members... Answer This Question
Want To be One of Our Tax Experts? Register Here
Tax Professional Answers
William Keats
An appraisal for donated property is usually adviseable. The cost of the appraisal is deductible.
Form 8283 is used for donations over $500. The deduction is then taken on Schedule A. Receipts are required for all donations over $250.
Leave a Comment
589 weeks ago
Form 8283 is used for donations over $500. The deduction is then taken on Schedule A. Receipts are required for all donations over $250.