Why You Should Get A Charitable Donations Appraisal
Penrose Appraisals
SEPTEMBER 27, 2022
Officially, a written appraisal is not required for items valued at below $5,000 and are required for items valued at above $20,000. Between these two amounts, appraisals are "recommended." I would argue that an appraisal is highly desirable for anything over $500. Avoiding bias.
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