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<p>[QUOTE="DBinSV, post: 376685, member: 7320"]Earlier this month, I posted about a donation my father made a couple of years ago to a university library, a first edition of Vasari's Lives, dating I believe from 1550.</p><p><br /></p><p>I also mentioned that it has fallen upon me to prepare several years of unfiled tax returns on his behalf (sadly, he passed away last Saturday from the effects of brain cancer). I inquired about valuation of the book and was given a very <a href="https://www.christies.com/lotfinder/Lot/vasari-giorgio-1511-1574-le-vite-e-piu-5578304-details.aspx" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.christies.com/lotfinder/Lot/vasari-giorgio-1511-1574-le-vite-e-piu-5578304-details.aspx" rel="nofollow">helpful link</a> and other very helpful information, including the importance of getting a letter from the rare book department of the library, documenting the donation.</p><p><br /></p><p>The new development is that the contact at the rare book department, who spoke with my sister, told her that my father had declined to sign the form that would have been needed in order for the library to issue the letter that would allow the donation to be claimed at full market value for purposes of filing returns (in the U.S.). This person, who said that she also happens to be a tax attorney, says that the window of opportunity has closed and at this point, the donation could only be claimed in the amount of $500.</p><p><br /></p><p>I realize that this might not be the appropriate forum for asking whether anyone knowledgeable in these matters knows that what my sister was told is accurate but I thought I would post here in the event that anyone could point me in the direction of where I might be making inquiries (e.g., the most appropriate forums for posting this question).</p><p><br /></p><p>Thank you for your interest![/QUOTE]</p><p><br /></p>
[QUOTE="DBinSV, post: 376685, member: 7320"]Earlier this month, I posted about a donation my father made a couple of years ago to a university library, a first edition of Vasari's Lives, dating I believe from 1550. I also mentioned that it has fallen upon me to prepare several years of unfiled tax returns on his behalf (sadly, he passed away last Saturday from the effects of brain cancer). I inquired about valuation of the book and was given a very [URL='https://www.christies.com/lotfinder/Lot/vasari-giorgio-1511-1574-le-vite-e-piu-5578304-details.aspx']helpful link[/URL] and other very helpful information, including the importance of getting a letter from the rare book department of the library, documenting the donation. The new development is that the contact at the rare book department, who spoke with my sister, told her that my father had declined to sign the form that would have been needed in order for the library to issue the letter that would allow the donation to be claimed at full market value for purposes of filing returns (in the U.S.). This person, who said that she also happens to be a tax attorney, says that the window of opportunity has closed and at this point, the donation could only be claimed in the amount of $500. I realize that this might not be the appropriate forum for asking whether anyone knowledgeable in these matters knows that what my sister was told is accurate but I thought I would post here in the event that anyone could point me in the direction of where I might be making inquiries (e.g., the most appropriate forums for posting this question). Thank you for your interest![/QUOTE]
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