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Instructions for Form 8283 i1 (Rev. December 2006) Noncash Charitable Contributions Department of the Treasury Internal Revenue Service Section references are to the Internal Revenue Code unless otherwise noted. General Instructions What's New Clothing and household items. You cannot claim a deduction for clothing or household items you donate after August 17, 2006, unless the clothing or household items are in good used condition or better. See Clothing and household items on page 3 for an exception. Taxidermy property. Deductions for contributions of certain taxidermy property after July 25, 2006, are limited. See page 2. Easements on buildings in historic districts. New requirements apply to contributions of certain easements on buildings in registered historic districts. These requirements include a new $500 filing fee that must be paid for each contribution of this type after February 12, 2007, if the claimed deduction is more than $10,000. See page 3. Appraisers. New requirements apply to appraisals and appraisers. See Appraisal Requirements on page 5 and the Part III instructions on page 6. Also, any appraiser who prepares an incorrect appraisal may have to pay the new penalty under section 6695A. See Form 8283, Section B, Part III. Recapture of certain deductions. Part of the deduction for certain contributions of tangible personal property donated after September 1, 2006, will be recaptured, or the amount of the deduction limited, if the recipient organization sells the property within 3 years and does not certify its exempt use. See page 2 and the Note that begins on page 6. Purpose of Form Use Form 8283 to report information about noncash charitable contributions. Do not use Form 8283 to report out -of- pocket expenses for volunteer work or amounts you gave by check or credit card. Treat these items as cash contributions. Also, do not use Form 8283 to figure your charitable contribution deduction. For details on how to figure the amount of the deduction, see your tax return instructions. Who Must File You must file Form 8283 if the amount of your deduction for all noncash gifts is more than $500. For this purpose, "amount of your deduction" means your deduction before applying any income limits that could result in a carryover. The carryover rules are explained in Pub. 526, Charitable Contributions. Make any required reductions to fair market value (FMV) before you determine if you must file Form 8283. See Fair Market Value (FMV) beginning on page 2. Form 8283 is filed by individuals, partnerships, and corporations. Note. C corporations, other than personal service corporations and closely held corporations, must file Form 8283 only if the amount claimed as a deduction is more than $5,000. Partnerships and S corporations. A partnership or S corporation that claims a deduction for noncash gifts of more than $500 must file Form 8283 with Form 1065, 1065-B, or 1120S. If the total deduction for any item or group of similar items is more than $5,000, the partnership or S corporation must complete Section B of Form 8283 even if the amount allocated to each partner or shareholder is $5,000 or less. The partnership or S corporation must give a completed copy of Form 8283 to each partner or shareholder receiving an allocation of the contribution deduction shown in Section B of the Form 8283 of the partnership or S corporation. Partners and shareholders. The partnership or S corporation will provide information about your share of the contribution on your Schedule K -1 (Form 1065 or 1120S). If you received a copy of Form 8283 from the partnership or S corporation, attach a copy to your tax return. Use the amount shown on your Schedule K -1, not the amount shown on the Form 8283, to figure your deduction. If the partnership or S corporation is not required to give you a copy of its Form 8283, combine the amount of noncash contributions shown on your Schedule K -1 with your other noncash contributions to see if you must file Form 8283, If you need to file Form 8283, you do not have to complete all the information requested in Section A for your share of the partnership's or S corporation's contributions. Complete only column (g) of line 1 with your share of the contribution and enter "From Schedule K -1 (Form 1065 or 11205)" across columns (c) —(f). When To File File Form 8283 with your tax return for the year you contribute the property and first claim a deduction. Which Sections To Complete If you must file Form 8283, you may have to complete Section A, Section B, or both, depending on the type of property donated and the amount claimed as a deduction. Section A. Include in Section A only the following items. 1. Items (or groups of similar items as defined on page 2) for which you claimed a deduction of $5,000 or less per item (or group of similar items). 2. The following publicly traded securities even if the deduction is more than $5,000: a. Securities listed on an exchange in which quotations are published daily, Cat. No. 62730R - 8 -