The appraisal does not have to be completed by December 31. The main
restriction is that it must be performed no more than sixty days *before*
the gift is made. The reason it can be performed afterwards is that
it is easier to evaluate what a market was than what it is going to be.
I believe that it can be done right up to the time when the donor files
tax returns.
Andy Finch
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AAM Government Affairs