Donating Valuables for a Greater Purpose

Donating Valuables for a Greater Purpose

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Charitable Donation Appraisal

When someone acquires valuables, whether through inheritance or divorce, they have the choice of deciding to sell or donate their items.

If a donation surpasses a value of $5000 it must be recorded when filing taxes. The IRS requires an appraisal by a qualified appraiser if you fall under that category. The appraiser you choose must adhere to certain standards designated by the IRS, including:

  • Being a part of a recognized professional appraisal organization that meets education and experience requirements
  • Performs appraisals on a regular basis
  • Has not been previously prohibited from practicing

Nugent Appraisal proudly meets all IRS qualifications and will provide you a detailed certified appraisal report for your tax deduction of your charitable gift. Call 888.353.7152 for a consultation.

 

 

 

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