Form 8283

Form 8283 is a document used to claim a deduction for the cost of property used for research or experimentation. The form must be filed with the IRS along with the taxpayer's income tax return.

The form is used to claim a deduction for the cost of property that is used for research or experimentation, and that is not otherwise deductible. The property must be used for research or experimentation that is related to the taxpayer's trade or business.

The amount of the deduction is limited to the amount of the taxpayer's adjusted basis in the property. The adjusted basis is the taxpayer's original cost of the property, plus any improvements made to the property, minus any depreciation that has been claimed on the property.

The form must be completed in accordance with the instructions provided by the IRS. The taxpayer must provide the following information on the form:

• The taxpayer's name, address, and Social Security number
• The date of the acquisition of the property
• The cost of the property
• The purpose for which the property is being used
• The amount of the deduction being claimed

The form must be signed by the taxpayer and attached to the taxpayer's income tax return.

If the taxpayer is claiming a deduction for property that is used for both research and experimentation and for other purposes, the taxpayer must allocate the cost of the property between the two uses. The amount of the deduction that can be claimed for research and experimentation is limited to the amount of the taxpayer's adjusted basis in the property that is allocable to research and experimentation.

Form 8283 is a complex form, and taxpayers should consult with a tax professional before filing the form.