[MassHistPres] Who pays for appraisals of historic objects?
Ruth Wales
ruthwales at verizon.net
Thu Jun 4 09:21:31 EDT 2009
The Museum of Fine Arts requires the donor to pay for the appraisal
on gifts of art.
On Jun 4, 2009, at 9:11 AM, SMARGAN at aol.com wrote:
> The local historic society (nonprofit) is accepting a donation of a
> monument from a private party and the donor wants an appraisal for
> a tax write-off. The society has a certified appraiser lined up but
> is wondering who should pay for the appraisal - the donor or donee?
> Does this matter with respect to any conflict of interest or issues
> with the IRS?
> Thanks for any information on this.
> Sandy
>
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