Definition of 'Qualified Appraisal'
An appraisal document that is created, signed and dated by a qualified appraiser and meets the requirements set forth by the Internal Revenue Service (IRS). A qualified appraisal is made no sooner than 60 days before a piece of property is donated. The document is used to notify the IRS that the value of a piece of property is in excess of $5,000.
A qualified appraisal is attached to Form 8283 and filed with a tax return if a deduction is being requested.
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