Birdwatch Note Rating
2023-08-23 14:33:40 UTC - HELPFUL
Rated by Participant: ACED1A29D99E27CFE5B8A9C9E1461A0186F51E3F2D75FD63ADCC5B79D8435B17
Participant Details
Original Note:
There are rules, such as owning the artwork for greater than 1 year and donating to a charity that will use it for >3 years, but if followed the artworks fair-market value as determined by an appraiser can be deducted from taxes. 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 Relevant IRS form: https://www.irs.gov/pub/irs-pdf/f8283.pdf
All Note Details