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Tuesday, October 16, 2018

Ask an Instructor: Charitable Donations

ISA members are invited to send in their questions on all things appraising and education to ISA's instructors. One of ISA's instructors will share answers on the ISA Now Blog. Please send questions to directorofeducation@isa-appraisers.org.


Question: If a donor incurs expense to remove an article and make it available to a charitable organization, is that expense considered part of the donation? Or if a donor pays for shipping of the item to the charitable organization, is that expense considered part of the donation?

Answer: Unfortunately, no. These expenses cannot be included in the item's fair market value. There may be another way to write off these expenses, but that is a question for an accountant to answer.

- Meredith Meuwly, ISA CAPP
Director of Education

1 comment:

  1. You are correct. They are not part of the Fair Maket Value. An IRS appraiser mentioned to me some time ago that money could be donated to the charity specifically for those expenses.

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