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The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing.
return on which the deduction for the con- other disposition of the donated property, 4. A professional quality image of the object.
tribution is first claimed. For an appraisal including, for example, the terms of any 5. The facts on which the appraisal was
report dated before the date of the contri- agreement or understanding that: based, such as:
bution, the valuation effective date must be a. Temporarily or permanently restricts a
no earlier than 60 days before the date of donee's right to use or dispose of the a. Sales or analyses of similar works by
the contribution and no later than the date donated property; the artist, particularly on or around the
of the contribution. For an appraisal report valuation date;
dated on or after the date of the contribu- b. Earmarks donated property for a par- b. A record of any exhibitions at which
tion, the valuation effective date must be ticular use; or the specific art object had been dis-
the date of the contribution. played;
• Does not involve a prohibited appraisal c. Reserves to, or confers upon, anyone
(other than a donee organization or an
fee. organization participating with a do- c. The economic state of the art market
You must receive the qualified appraisal be- nee organization in cooperative fund- at the time of valuation, particularly
with respect to the specific property;
fore the due date, including extensions, of the raising) any right to the income from and
return on which a charitable contribution deduc- the donated property or to the pos-
tion is first claimed for the donated property. If session of the property, including the d. The standing of the artist in their pro-
the deduction is first claimed on an amended right to vote donated securities, to ac- fession and in the particular school or
return, the qualified appraisal must be received quire the property by purchase or oth- time period.
before the date on which the amended return is erwise, or to designate the person Number of qualified appraisals. A sepa-
filed. having the income, possession, or rate qualified appraisal is required for each item
right to acquire the property.
Form 8283 must be completed and attached 5. The name, address, and taxpayer identifi- of property that is not included in a group of
to your tax return. Generally, you do not need to cation number (TIN) of the qualified ap- similar items of property. You need only one
qualified appraisal for a group of similar items of
attach the qualified appraisal itself, but you praiser and, if the appraiser is a partner,
should keep a copy as long as it may be rele- an employee, or an independent contrac- property contributed in the same tax year, but
you may get separate appraisals for each item.
vant under the tax law. There are four excep- tor engaged by a person other than the
tions. donor, the name, address, and taxpayer A qualified appraisal for a group of similar items
must provide all of the required information for
• If you claim a deduction of $20,000 or identification number of the partnership or
more for donations of art, you should at- the person who employs or engages the each item of similar property. The appraiser,
however, may provide a group description for
tach a complete copy of the appraisal. See appraiser.
Paintings, Antiques, and Other Objects of selected items the total value of which is not
more than $100.
Art, earlier. 6. The qualifications of the qualified ap-
• If you claim a deduction of more than praiser who signs the appraisal to value Qualified appraiser. A qualified appraiser is
$500,000 for a donation of property, you the type of property being valued, includ- an individual with verifiable education and ex-
must attach the appraisal. See Deductions ing the appraiser's background, experi- perience in valuing the type of property for
of More Than $500,000, earlier. ence, education, and any membership in which the appraisal is performed.
• If you claim a deduction of more than $500 professional appraisal associations.
for an article of clothing, or a household 7. A statement that the appraisal was pre- 1. The individual:
item, that is not in good used condition or pared for income tax purposes. a. Has earned an appraisal designation
better, you must attach the appraisal. See from a generally recognized profes-
Deduction over $500 for certain clothing or 8. The declaration required by Regulations sional appraiser organization, for the
household items, earlier. section 1.170A-17(3)(iv). type of property being valued; or
• If you claim a deduction for an easement or 9. The appraised FMV on the date (or expec-
other restriction on the exterior of a build- ted date) of contribution. b. Has met certain minimum education
ing in a historic district, you must attach the requirements and 2 or more years of
appraisal. See Building in registered his- 10. The method of valuation used to deter- experience in valuing the type of prop-
toric district, earlier. mine FMV, such as the sales comparison erty being valued. To meet the mini-
approach, cost approach, or income ap- mum education requirement the indi-
Prohibited appraisal fee. Generally, no part proach. vidual must have successfully
of the fee arrangement for a qualified appraisal 11. The specific basis for the valuation, such completed professional or col-
can be based on a percentage of the appraised as any specific comparable sales transac- lege-level coursework obtained from:
value of the property. If a fee arrangement is tion. i. A professional or college-level
based on what is allowed as a deduction, after educational organization,
IRS examination or otherwise, it is treated as a Art objects. The following are examples of
fee based on a percentage of appraised value. information that should be included in a de- ii. A professional trade or appraiser
scription of donated property. These examples organization that regularly offers
Information included in qualified appraisal. are for art objects. A similar detailed breakdown educational programs in valuing
A qualified appraisal must include the following should be given for other property. Appraisals the type of property, or
information. of art objects—paintings in particular—should iii. An employer as part of an em-
1. A description of the property in sufficient include all of the following. ployee apprenticeship or educa-
detail for a person who is not generally fa- 1. A complete description of the object, indi- tion program similar to professio-
miliar with the type of property to deter- cating the: nal or college-level courses.
mine that the property appraised is the 2. The individual regularly prepares apprais-
property that was (or will be) contributed. a. Size, als for which they are paid.
2. The physical condition of any tangible per- b. Subject matter, 3. The individual is not an excluded individ-
sonal property or real property. c. Medium, ual(defined later).
3. The date (or expected date) of contribu- d. Name of the artist (or culture), and
In addition, the appraiser must make a dec-
tion (valuation effective date). e. Approximate date created. laration in the appraisal that, because of their
4. The terms of any agreement or under- background, experience, education, and mem-
standing entered into (or expected to be 2. The cost, date, and manner of acquisition. bership in professional associations, they are
entered into) by or on behalf of the donor 3. A history of the item, including proof of au- qualified to make appraisals of the type of
and donee that relates to the use, sale, or thenticity. property being valued. The appraiser must
Page 10 Publication 561 (January 2023)