Birdwatch Note Rating
2024-04-10 11:45:40 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 0653CE7F9A6C5CA13760DECC0FE46EAEEE8C088A5F0E9A2581F4347682177E98
Participant Details
Original Note:
Appraisals don’t work like that, and can be challenged by the IRS. https://www.journalofaccountancy.com/issues/2010/jul/20092096.html The deduction limit for charitable contributions is max 60%, so millionaires will still have to pay some taxes. https://www.irs.gov/publications/p526#:~:text=Your%20deduction%20for%20charitable%20contributions,or%2050%25%20limits%20may%20apply.
All Note Details