Non-cash Contribution/appraisal

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  • JenMO
    Senior Member
    • Apr 2007
    • 974

    #1

    Non-cash Contribution/appraisal

    Client has given collection of books and magazines all from one author or about the author to college. Appraisal has been done, and client has copy. Form 8283 has been signed by appraiser and by the donee. The appraiser has written a short synopsis of the appraisal, should I send that with the return? As I read, the appraisal should only be sent if asked for. Appraisal cost - where is that deducted? Any other info I should send or know?
  • FEDUKE404
    Senior Member
    • May 2007
    • 3649

    #2
    Appraisal paperwork

    I would hold onto the appraisal documents until/if they were requested.

    As for the appraisal costs, I long ago learned (was it a trick question? ) that appraisal costs for donated goods are considered a miscellaneous deduction on Schedule A.

    FE

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