Birdwatch Note Rating
2023-08-22 22:40:35 UTC - HELPFUL
Rated by Participant: 403D18F90EE3AF7669CC241878960D79672EBC297E9319EE409A8176E0BC6B90
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.
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