From: "Merat, Carl" <cmerat_at_liberty.edu>
In addition to setting the the monetary limits that require appraisals
(over $5000 here in the US) the IRS provides a list of individuals excluded from
providing appraisals. The library as a "donee of the property" is excluded.
That's in IRS Publication 561 "Determining the Value of Donated Property"
available at http://www.irs.gov/forms_pubs/pubs.html
They give the donor some specific guidelines on providing their own
determination of value for gifts of books that would be under $5000.
Carl Merat
Associate Dean of Library Services
A. P. Guillermin Library
Liberty University
Lynchburg, VA
804/582-2838
Received on Wed Mar 29 2000 - 09:47:35 EST