Birdwatch Note Rating
2023-08-23 09:03:29 UTC - NOT_HELPFUL
Rated by Participant: 190C220EA5F68D291C65A56E06A8C3D444D0ED28E554DDD816EDBBA8353829ED
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