Birdwatch Archive

Birdwatch Note Rating

2023-08-23 00:54:05 UTC - HELPFUL

Rated by Participant: FF26D917D4490B256A56F83701CA3C6D33014B5700EA5013405E84F27498AF1B
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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