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Qualified Appraisal

What is 'Qualified Appraisal'

An appraisal document that is created, signed and dated by a qualified appraiser and meets the requirements set forth by the Internal Revenue Service (IRS). A qualified appraisal is made no sooner than 60 days before a piece of property is donated. The document is used to notify the IRS that the value of a piece of property is in excess of $5,000.


A qualified appraisal is attached to Form 8283 and filed with a tax return if a deduction is being requested.

Explaining 'Qualified Appraisal'

Determining the value of a piece of property is especially important when making a donation, since an improper valuation can result in either a deduction lower than what the property could bring or a red flag by the IRS for a valuation that seems too high.


Further Reading


Improving qualifications‐based selection by use of the fuzzy Delphi method
www.tandfonline.com [PDF]
… An Appraisal of the Impact of Audit Qualifications … Ali A., Basheer Ahmad Khamees and Nedal A. Al-Fayoumi (2008), “The Effect of Qualified Auditors‟ Opinions on … ed., Prentice-Hall, Englewood Cliffs, NJ Ball, R., R. Walker and G. Whittred (1979), “Audit Qualifications and Share …

The Lawyer's Business Valuation Handbook: Understanding Financial Statements, Appraisal Reports, and Expert TestimonyThe Lawyer's Business Valuation Handbook: Understanding Financial Statements, Appraisal Reports, and Expert Testimony
books.google.com [PDF]
… An Appraisal of the Impact of Audit Qualifications … Ali A., Basheer Ahmad Khamees and Nedal A. Al-Fayoumi (2008), “The Effect of Qualified Auditors‟ Opinions on … ed., Prentice-Hall, Englewood Cliffs, NJ Ball, R., R. Walker and G. Whittred (1979), “Audit Qualifications and Share …

FINANCIAL AND ECONOMIC APPRAISAL FOR SECTION 56 APPLICATIONSFINANCIAL AND ECONOMIC APPRAISAL FOR SECTION 56 APPLICATIONS
www.icevirtuallibrary.com [PDF]
… An Appraisal of the Impact of Audit Qualifications … Ali A., Basheer Ahmad Khamees and Nedal A. Al-Fayoumi (2008), “The Effect of Qualified Auditors‟ Opinions on … ed., Prentice-Hall, Englewood Cliffs, NJ Ball, R., R. Walker and G. Whittred (1979), “Audit Qualifications and Share …

Real options in practice: an exploratory survey of how finance officers deal with flexibility in capital appraisalReal options in practice: an exploratory survey of how finance officers deal with flexibility in capital appraisal
www.sciencedirect.com [PDF]
… An Appraisal of the Impact of Audit Qualifications … Ali A., Basheer Ahmad Khamees and Nedal A. Al-Fayoumi (2008), “The Effect of Qualified Auditors‟ Opinions on … ed., Prentice-Hall, Englewood Cliffs, NJ Ball, R., R. Walker and G. Whittred (1979), “Audit Qualifications and Share …

The economic and financial control of UK nationalised industriesThe economic and financial control of UK nationalised industries
www.jstor.org [PDF]
… An Appraisal of the Impact of Audit Qualifications … Ali A., Basheer Ahmad Khamees and Nedal A. Al-Fayoumi (2008), “The Effect of Qualified Auditors‟ Opinions on … ed., Prentice-Hall, Englewood Cliffs, NJ Ball, R., R. Walker and G. Whittred (1979), “Audit Qualifications and Share …

Daubert and Qualification of the Appraisal Expert Witness.Daubert and Qualification of the Appraisal Expert Witness.
search.ebscohost.com [PDF]
… An Appraisal of the Impact of Audit Qualifications … Ali A., Basheer Ahmad Khamees and Nedal A. Al-Fayoumi (2008), “The Effect of Qualified Auditors‟ Opinions on … ed., Prentice-Hall, Englewood Cliffs, NJ Ball, R., R. Walker and G. Whittred (1979), “Audit Qualifications and Share …



Q&A About Qualified Appraisal


When would you need a real estate appraisal?

You may need a real estate appraisal when buying or selling a home, settling estates and divorces, taxation and so on.

When must the qualified appraisal be made?

The qualified appraisal must be made no sooner than 6 days before the piece of property is donated.

What are some factors that affect the valuation of a piece of real estate?

Some factors that affect the valuation include location, condition and upgrades or improvements to the home.

What does the IRS require for a qualified appraisal?

The IRS requires that the document meets certain requirements.

Where can you find information on what makes up a qualified appraisal?

You can find information on what makes up a qualified appraisal in Publication 561, Determining the Value of Donated Property.

What is a qualified appraisal?

A qualified appraisal is an appraisal document created, signed and dated by a qualified appraiser.

Are there different levels in which one can become certified as an appraiser?

Yes, there are different levels in which one can become certified as an appraiser.