Taxes From A To Z 2020: Q Is For Qualified Appraisal
For federal income tax purposes, if you claim a charitable deduction for an item or group of similar items of donated property worth more than $5,000, you must get a qualified appraisal signed and dated by a qualified appraiser. So what does that mean? A qualified appraisal is an appraisal document that: Is made, signed,…
