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The Internal Revenue Service frowns upon the overvaluation of real estate gifts. Appraisers thinking they are doing the donor a favor by providing a high range may actually do more damage than good. This CLE course will explain that whether it’s real estate, art, or any other property, the appraisal process must be carefully managed.
The course will also detail the 30% limit on adjusted gross income on gifts and how that may impact appraisals.
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