Birdwatch Note Rating
2023-08-23 08:47:03 UTC - HELPFUL
Rated by Participant: 702D9065F58D10E2CC5BE0F9CE9A5DF313E2652D4F8D9D7A64ABC6586106EE4F
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