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B. Qualified Appraiser
A qualified appraiser is an individual who includes on the
appraisal summary a declaration that: (1) The individual either
holds himself or herself out to the public as an appraiser or
performs appraisals regularly; (2) the appraiser is qualified to
make appraisals of the type of property being valued; and (3) the
appraiser understands that an intentionally false or fraudulent
overstatement of the value of the property described in the
qualified appraisal or appraisal summary may subject the
appraiser to a civil penalty under section 6701 for aiding and
abetting an understatement of tax liability. Sec. 1.170A-
13(c)(5)(i)(A), (B), (D), Income Tax Regs. An individual is not
a qualified appraiser if the individual is the donor, the donee,
any person employed by the donor or donee, or an appraiser who is
regularly used by the donor or donee and who does not perform
most of his or her appraisals for other persons. Sec. 1.170A-
13(c)(5)(iv)(A), (C), (D), (F), Income Tax Regs.
C. Appraisal Summary
An appraisal summary means a summary of a qualified
appraisal that: (1) Is made on the form prescribed by the
Internal Revenue Service (Form 8283); (2) is signed and dated by
the qualified appraiser who prepared the qualified appraisal; (3)
is signed and dated by the donee; and (4) includes the following
information:
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