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 Art Donation Offer Fillable DOCX 2022-2025

Art Donation Agreement 2022-2025 Form

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I'm financial advisor Kerry stamp and one of my passions is the art world and understanding art and I like to couple that with my knowledge of finance and figure out how I can use one passion to feed off and to help the other so I want to explain today why donating art can be a very valuable strategy both from building a legacy in public museums as well as making a charitable contribution that you get to write off on your income tax returns so art and charitable deductions Visual Arts sculpture anything of that type is considered a capital asset which means that you have to hold it in your possession for at least one year before you're able to give it away and take a tax deduction or take a tax write-off on it a lot of people will want to go to a gallery that has a hot artist and say hey I'll buy one painting for myself and donate one painting to a museum if you sell me the two paintings well keep in mind if you want the tax deduction for that transaction you&am

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