Hi folks, I have a legal question that I hope someone will be able to answer.
We all know that the IRS does not allow museums to appraise collections
which they purchase or receive as a donation, but can a museum pay for a
professional appraisal of materials that are then donated or purchased and
for which the owner then takes a deduction?
Any insight appreciated.
Thanks,
Bill
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Bill Lazenby Tel: 708-260-8187
Director of Museum Operations Fax: 708-260-9298
The First Division Museum at Cantigny E-Mail: [log in to unmask]
1 South 151 Winfield Road http://www.xnet.com:80~cantigny/fdm.htm
Wheaton, IL 60187-6097
USA
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