Birdwatch Note Rating
2023-08-24 10:19:11 UTC - NOT_HELPFUL
Rated by Participant: C29D3D01283CB2C3173EF1E8A1E57DA35A875F1A8AAC3B97F0710AA75E5C1C7F
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