Birdwatch Note Rating
2023-08-22 22:33:50 UTC - HELPFUL
Rated by Participant: 0F0E367EC0AF05A7EFCAE8FF79A5A4EB9B00594858BF07D652821B4DB1F3572A
Participant Details
Original Note:
In order for the value of a donated artwork to be deducted from tax its “fair market value” must be determined by a qualified art appraiser and must be submitted to the IRS. Further restrictions are specified in the Pension Protection Act. https://www.bnymellonwealth.com/insights/how-to-make-tax-deductible-charitable-donations-of-artwork.html#:~:text=The%20donor%20must%20obtain%20a,completed%20formal%20professional%2Dlevel%20coursework.
All Note Details