Archive for May 2021
Noncash Qualified Appraisals Gone Wrong: Deconstructing Appraiser(al) Requirements and Forms 8283/8282
Most of us are aware that IRS will disallow a claimed deduction for a noncash contribution in excess of $5k, other than marketable securities, unless it is supported by a “qualified appraisal.” But what exactly does that mean? When is an appraisal not “qualified”? Who is or is not a “qualified” appraiser? If the gift…
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