If this is the same case she posted about earlier, the documents were not from the church. It was the cemetery.
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Originally posted by Kram BergGold View PostThere are rules about the written appraisal. The letter from the Church is not what you need in this case. Look at the back of Form 8283 and/or read the instrucitons.
This has been a great exercise for me and I appreciate ALL the input. I was so afraid to take the FMV and reading the fine-print affirmed my stand.
Gracias everyone!"I am proud to pay taxes in the United States. The only thing is I could be just as proud for half the money." Arthur Godfrey
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Originally posted by Burke View PostI am curious as to what the church will actually do with it. Maybe sell it at a raffle? How in the world will they decide to whom to give it without incurring favoritism, or other problems? It's not like they can hold services in it for the general congregation. So what good is it to them? If they DO sell it, I think the IRS would want it to be treated like a car is -- deduction would be limited to what they get for it. Interesting hypothesis. Hopefully, it was not intended to be a gift to the minister/pastor/priest.
What I find interesting in this question is the inscription. How do you transfer an inscription? Is it just a pre-paid contract to carve the marble? Or an irrelevant reference to something already carved into the mausoleum?
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Pre paid
Originally posted by Gary2 View PostI can't speak for any churches, let alone this one in particular, but many synagogues do operate cemeteries and sell plots. I can certainly imagine someone who bought a plot and then moved away, deciding not to use it, might choose to donate it back to the synagogue. They'd just add it to the list of unowned plots available to sell.
What I find interesting in this question is the inscription. How do you transfer an inscription? Is it just a pre-paid contract to carve the marble? Or an irrelevant reference to something already carved into the mausoleum?"I am proud to pay taxes in the United States. The only thing is I could be just as proud for half the money." Arthur Godfrey
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Originally posted by ChEAr$ View PostUh... do you mean that if it were for a designated "body", you would only use cost versus fmv?
(grin)Believe nothing you have not personally researched and verified.
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