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What is the purpose of IRS Form 8283?

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IRS Form 8283 is used by individuals, partnerships, and corporations to report non-cash charitable contributions when the total deduction for all non-cash gifts exceeds $500. This form is a standard part of most tax filing software, and you can learn more about it [here](https://www.irs.gov/forms-pubs/about-form-8283). If you're making non-cash contributions such as cryptocurrencies and securities that exceed $500 in value, you'll need to file an IRS 8283 Form with your federal income tax return. For crypto contributions valued over $5,000, the IRS requires a qualified appraisal. If this applies to your situation and you need a Donee signature, you can reach out to us at support+8283@daffy.org. At Daffy, we make this process easy for you. As a donor-advised fund (DAF), we help you manage your charitable giving efficiently and effectively. Whether you're contributing stocks or crypto, we guide you through the necessary steps to ensure your contributions are properly reported and tax-compliant. Remember, contributions to a DAF like Daffy are not subject to capital gains taxes when sold. However, it's important to note that donations to charities from a DAF do not qualify for a tax deduction. To understand your specific tax situation, we always recommend consulting with a certified tax professional. If you have any questions or need further assistance, don't hesitate to contact us. Join the Daffy community today and make giving a habit.

Please note that the information contained on this page is for educational purposes only and should not be considered tax advice. Any calculations are intended to be illustrative and do not reflect all of the potential complexities of individual tax returns. To assess your specific tax situation, please consult with a tax professional.

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