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 the 2019 Pub. 526. Make any required reductions to fair market value (FMV) before you determine if you must file Form 8283. See Fair Market Value (FMV)in the form instructions.
Form 8283 is filed by individuals, partnerships, and corporations.
For more information see IRS Instructions for Form 8283
