Birdwatch Note Rating
2023-08-23 16:01:35 UTC - HELPFUL
Rated by Participant: B5BE9960AD1DE8BAC8AB137DDA4153D8D12C4477D0BB6254409BECE38E4D8F76
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