Birdwatch Note Rating
2023-08-23 11:28:17 UTC - HELPFUL
Rated by Participant: 84AB15CA7512B9879E056E8BF4F64433A066678C7CF221734D4D40EBCBE6A8DB
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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