Tag: appraisal

  • Ins and Outs of Tax Deductions for Donating Artwork to Charity

    Ins and Outs of Tax Deductions for Donating Artwork to Charity

    If you’re charitably inclined and you collect art, appreciated artwork can make one of the best charitable gifts from a tax perspective. In general, donating appreciated property is doubly beneficial because you can both enjoy a valuable tax deduction and avoid the capital gains taxes you’d owe if you sold the property. The extra benefit…