$500, $5K, $20K, $500K
(by Dave Maloney) This is Post 3 of 3. It, along with two additional posts, will address when qualified appraisals are required, when they must be attached to the taxpayer’s return, and related issues. See Post 1 of 3. See Post 2 of 3.
Let’s review IRS requirements regarding non-cash charitable donations at various value points, and associated appraisal-related issues.