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Form Instructions 8283 for Surprise Arizona: What You Should Know

Tax Tips to Donors of Property The 2024 Arizona State Guide to Contributions to Charities and Other Tax-Exempt Organizations by Marjorie Stinson Form 8283 is used to report the total value of charitable, government, or other done charitable contributions (or of the done organizations) in connection with an activity or cause, with respect to which a deduction or credit may be claimed. The maximum amount that you can report with regard to anyone done organization for a tax year is 500. You can only report 500 of donated property. No other deduction for charitable donations or used property may be claimed. Taxpayers may not deduct their fair market value for purchased property but may only use its fair market value on Form 990 or 1031 or the appropriate Forms 8283 or 990-EZ. When you file your income tax return, we will take the difference of your donated property value and the fair market value of your property. You may have to calculate the amount of the difference in your form 990 or Form 990-EZ and then mail a separate itemized estimate to us to show you are reporting your entire donation accurately. If you are reporting more than you donated, we have established a form for that purpose, Form 8283. The form is for use by charitable organizations and done organizations who are required to report information on their annual tax returns. There is a limitation on what you can report through Form 8283; however, there are a few exceptions. You don't have to use Form 8283 if you are reporting your contributions and done organizations under Section 170(c) of the tax code. You may have to provide more than one return for more than one done organization for any given year. Furthermore, you have to report each type of charitable contribution you may be required to make in connection with the activity or charity. Furthermore, you can report up to 500 of total contributions for one done organization per individual, 15,000 per couple, or 15,000 per partnership per return. Furthermore, you can report no more than 500 per done organization for each tax year or 125,000 a year (500 from each done organization). If you receive any other deduction(s) or credit for any contribution made in connection with your activity or charity using IRS Form 990 or 1031 or the appropriate Forms 8283 or 990-EZ, you must also file it separate from your income tax return.

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