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Re: [teacherartexchange] tax break for art donations

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From: Woody Duncan (woodyduncan_at_TeacherArtExchange)
Date: Tue Nov 22 2005 - 14:51:12 PST


The tax change sounds good. I wonder if we could just
appraise each others work. I can not imagine what the cost
of professional appraisal would be.
                                Woody
Of course it's not law yet.

Jean Womack wrote:
> I thought an article in today's New York Times might interest you. It's
> about a tax break for art donations. The Senate has passed an amendment
> to a tax relief bill. The bill has to go to committe now. The
> amendment gives artists full value for donations of work, rather than
> the cost of the materials. There are other qualifications, such as that
> it has to be properly appraised and given within 18 months of creation.
>
> What does properly appraised mean?
>
> Jean Womack

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