You do not need a written appraisal if it is valued under $5000. I would think most local "sound shops" could give a written appraisal if needed. You did say it was new so I would think a published catalog price would be appropriate. quote from IRS...Deductions Over $500 But Not Over $5,000If you claim a deduction over $500 but not over $5,000 for a noncash charitable contribution, you must have the acknowledgment and written records described under Deductions of At Least $250 But Not More Than $500 . Your records must also include:How you got the property, for example, by purchase, gift, bequest, inheritance, or exchange,The approximate date you got the property or, if created, produced, or manufactured by or for you, the approximate date the property was substantially completed, andThe cost or other basis, and any adjustments to the basis, of property held less than 12 months and, if available, the cost or other basis of property held 12 months or more. This requirement, however, does not apply to publicly traded securities.If you have reasonable cause for being unable to provide information about the date you got the property or the cost basis of the property, attach a statement of explanation to your return.Deductions Over $5,000If you claim a deduction of over $5,000 for a noncash charitable contribution of one item or a group of similar items, you must have the acknowledgment and the written records described under Deductions Over $500 But Not Over $5,000 . Generally, you must also obtain a qualified written appraisal of the donated property from a qualified appraiser. See Deductions of More Than $5,000 in Publication 561 for more information.In figuring whether your deduction is over $5,000, combine your claimed deductions for all similar items donated to any charitable organization during the year.
You did say it was new so I would think a published catalog price would be appropriate.
YesThe church only has to document receipt of the donation.The person claiming the deduction has to document the value of the donation.
You are correct again I just need someone that can do the appraisal and sign the IRS form 8283 and everything will be complete. It's the last cog in the wheel.I am not sure the church considered the labor issue Brad I will bring it up.
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