Birdwatch Note Rating
2023-08-22 21:49:07 UTC - HELPFUL
Rated by Participant: E020A0A7D424ECB5D102A7C81854ABB65E8F03E6D4A8DF3992F8040F2DA81A5A
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