Donating Valuables for a Greater Purpose
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.