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(A) Obtain a qualified appraisal (as defined in
paragraph (c)(3) of this section) for such property
contributed. If the contributed property is a partial
interest, the appraisal shall be of the partial
interest.
(B) Attach a fully completed appraisal summary (as
defined in paragraph (c)(4) of this section) to the tax
return * * * on which the deduction for the
contribution is first claimed (or reported) by the
donor.
(C) Maintain records containing the information
required by paragraph (b)(2)(ii) of this section.
Among the requirements set forth in section 1.170A-13(c)(3),
Income Tax Regs., for a qualified appraisal are that it be made
not earlier than 60 days prior to the date of the contribution,
be prepared, signed and dated by a qualified appraiser, contain
the qualifications of the qualified appraiser, contain a
statement that it was prepared for income tax purposes, show the
date on which the property was appraised, show the fair market
value of the property on the date of contribution, and show the
method of valuation and the specific basis for the valuation.
Among the requirements set forth in section 1.170A-13(c)(4),
Income Tax Regs., for an appraisal summary are that it be signed
and dated by the donee and the appraiser on a form prescribed by
the Internal Revenue Service and that it contain certain
information. The information required includes a description of
the property, the manner and date of the property’s acquisition
by the donor, the date of the receipt of the property by the
donee, the donor’s cost for the property and the appraised fair
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Last modified: May 25, 2011