Charitable Donation Appraisals
Why Do You Need a Charitable Donation Appraisal?
When donating art, antiques, or other personal property, the original purchase price may not reflect its fair market value at the time of the gift. A qualified appraisal provides an independent, documented assessment of that value to support your charitable deduction.
For deductions exceeding $5,000 for a single item or a group of similar items, a qualified appraisal is generally required, subject to IRS exceptions. The report identifies the donated property and explains the basis for its value, providing documentation beyond a donation receipt or an informal estimate.
Your appraisal supports the valuation; your tax advisor determines whether the donation qualifies and how much you may deduct.
How to Get Started
- Share Your Donation Plans
Tell us about your items, where they are located, and when you plan to donate. Include the intended charity, if known. We’ll confirm the scope of work, fee, and expected turnaround. - Arrange the Appraisal
We’ll explain how your items will be examined and documented. Available receipts, prior appraisals, and ownership records can help us identify and assess the property. - Receive Your Report
You’ll receive a written appraisal with item descriptions, photographs, and fair market value conclusions. We also complete the applicable appraiser’s declaration on IRS Form 8283. - Complete Your Donation Documentation
Provide your appraisal and donation records to your tax advisor for filing. Your advisor determines the allowable deduction; we answer questions about the appraisal and its supporting documentation.
Let’s Start with Your Situation
Tell us about your items, where they’re located, and what you need help with. If you have a deadline, let us know.
