Valuing and Substantiating Charitable Art Contributions
Art Appraisal Resources
JUNE 29, 2023
What is a Charitable Contribution Appraisal? A charitable contribution appraisal refers to the process of determining the value of a non-cash donation made to a charitable organization. When individuals or businesses donate assets such as property, artwork, or any other item of value to a charitable organization, they may be eligible to claim a tax deduction for the fair market value of the donated item.
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