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4 Tips for Donating Artwork to Charity
- 1. Get an Appraisal Donations of artwork valued at over $5,000 require a “qualified appraisal” by a “qualified appraiser.” IRS rules detail the requirements. ...
- 2. Donate to a Public Charity Donations to a qualified public charity (such as a museum or university) potentially entitle you to deduct the artwork’s full fair market value. ...
- 3. Beware the Related-Use Rule ...
- 4. Consider a Fractional Donation ...
www.hawkinsash.cpa/4-tips-donating-artwork-charity/- People also ask
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