Wednesday, September 8, 2010

Appraisal documentation for tax deductable donations

If you donate gear to a museum, school, etc. and plan to deduct the contribution from your taxes, you need form 8283 from the IRS. The first section of the form is for donations valued under $5,000 and you can complete it yourself. Section two is for donations valued over $5,000; for that one you need to attach an appraisal. I am a qualified appraiser; contact me if you need assistance! (I just completed an appraisal of Francine Bellson's donation gear which she gave to The Louie Bellson Heritage Days of Rock Falls, IL.)

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