Birdwatch Note Rating
2024-04-10 15:08:48 UTC - HELPFUL
Rated by Participant: 98B82325AEF91C341914B53A15CC7D73B9822AF3C6868419FC0D02C364D90385
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