WSJ article “California Couple Loses $18.5 Million Charitable Deduction on Technicality”
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Posted under News
The Wall Street Journal had an article “California Couple Loses $18.5 Million Charitable Deduction on Technicality” which describes how a couple donated $18.5 million to a charitable remainder trust but did not get a ‘qualified appraisal’ of the real estate under the US rules. Actually the person did their own “appraisal”. The case under scores the importance of getting an independent valuation when you are donating substantial assets and expecting to get a charitable deduction.
