Birdwatch Note Rating
2024-04-10 12:05:18 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 5997E182F762323CE951EBF386072D3AE1531BFCB77CF2DA478BC9454F66C2F1
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