Phil, I'm not sure what number he can use for writing off...he should ask a tax professional on that. When I give appraisals I give three figures; The cost of said piano new retail, the price a store might put on it, and then what he might expect if he were to sell it himself. I also make it VERY clear that these figures are my own personal opinion, not set in stone. I usually give lower figures or a "range" on the second two prices and get a new retail price from Larry Fine's book or call a local store who carries M and H. I imagine the figure given for selling on his own ie the lowest, would be the "safest" number to write off...again, ask a tax pro! Paul Phil Ryan <pryan2 at the-beach.net> Sent by: pianotech-bounces at ptg.org 01/15/2008 01:20 PM Please respond to Pianotech List <pianotech at ptg.org> To Pianotech List <pianotech at ptg.org> cc Subject IRS Tax write-off A long-time customer informed me that he is donating his piano (a small M&H grand) to a religious college and asked me to give him an official appraisal that would satisfy the IRS for a tax write-off, or find him an authorized piano specialist who could do this. What is the rule on this? Can he take the retail value, or wholesale? Who is to say? Is there such a person as an "authorized piano specialist appraiser"? Can I give him an appraisal? Should I? Phil Ryan Miami Beach -------------- next part -------------- An HTML attachment was scrubbed... URL: https://www.moypiano.com/ptg/pianotech.php/attachments/20080115/436262bc/attachment.html
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