This seems kind of silly, because i know that on the day i donated the shares (it was actually shares of an ETF) the fair market value was $8,547.85
what’s the point/purpose of getting a qualified appraiser? and is it actually necessary for ETFs or other securities where the FMV is public information?
Does donating stocks/securities worth more than $5,000 really mean I need to hire a qualified appraiser to tell me what the FMV was on the day I donated it?
byu/FairMongoose5583 intax
Posted by FairMongoose5583
2 Comments
You do not need to get an appraisal for publicly-traded stock, since the FMV is easy to determine from publicly-available trading data. The appraisal requirement on [this page](https://www.irs.gov/publications/p561#en_US_202501_publink1000258026) excludes publicly-traded stock even at the higher $500k threshold.
Did you actually take five minutes to research this let alone read the Form 8283 instructions before writing this? Of course not why put in any effort on your own