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Deductions & credits
If the donation exceeds $5,000 in value, it'll need a written appraisal from a qualified appraiser.
Generally, if the claimed deduction for an item or group of similar items of donated property is more than $5,000, and was made after December 31, 1984, you must:
• Obtain a qualified appraisal signed and dated by a qualified appraiser, and
• Complete and attach Form 8283 to your tax return.
IRS Pub. 561 - Determining the Value of Donated Property (page 10)
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April 16, 2024
9:26 AM