Thank you, Britt. I'll point this lady to the article. Seems she
surely must know this is the case - she's been in charge of art
exhibits for a while at a public venue - but the letter I received
makes it sound like a slam dunk that donated art is fully deductible.
On Sep 20, 2013, at 7:35 AM, Britt Griswold wrote:
> I think it is pretty much certain that this is still the case. That
> would be monster news in the art world if those regulations changed.
> On 9/20/13 10:29 AM, Lynette Cook wrote:
>> Can someone please confirm that current tax law still states that
>> artists may deduct only the
>> materials used in a work of art donated for an auction (as opposed
>> to the retail/full price)? As far
>> as I know this has never changed, but I want to double check my
>> facts before I call someone's
>> attention to misleading wording in a request for artworks. My
>> question is about artists donating
>> their own art.
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