Birdwatch Note Rating
2023-08-23 10:09:57 UTC - NOT_HELPFUL
Rated by Participant: C9980348E5108CB97457495F41DA036BD9E5258CA29DE6078E358A3454E15230
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