Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
lisaclarkal
New Member

How do I determine the fair market value of property donated to county commison for right of way?

I have form 8283 but it doesn't have a value for the donated property.

1 Reply
RichardG
New Member

How do I determine the fair market value of property donated to county commison for right of way?

Without an appraisal from a licensed real estate appraiser, it will be difficult to place a value on your donation.  Moreover, if you expect the value of your donation is over $5,000, the IRS will not accept your deduction without the appraisal.  Please IRS Pub 561 for more information.  https://www.irs.gov/pub/irs-pdf/p561.pdf

Dynamic AdsDynamic Ads
Privacy Settings
v