IRS Tax write-off

[Paul T Williams]

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