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<p>[QUOTE="DBinSV, post: 376720, member: 7320"]Thank you, everyone, for your sympathy and sharing of information.</p><p><br /></p><p>In response to your questions: The university library rare books spokesperson is acknowledging the fact that this book was donated by my father. They had a small ceremony to commemorate the donation and she said she will provide a letter stating that the book was donated by my father.</p><p><br /></p><p>At the same time, she said that on the tax returns, we would only be entitled to a $500 valuation, even though a copy of the same book in similar condition was sold at <a href="http://www.sothebys.com/en/auctions/ecatalogue/2014/music-continental-books-manuscripts-l14402/lot.147.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.sothebys.com/en/auctions/ecatalogue/2014/music-continental-books-manuscripts-l14402/lot.147.html" rel="nofollow">a Sotheby's auction</a> in 2014 for the equivalent of US$40,000 (the money was apparently paid in British pounds).</p><p><br /></p><p>She said that the reason for this was that my father declined to complete a simple form they offered him, which would have changed the verbiage of the letter of acknowledgement for the donation, and that the window for changing this has closed. She said that, as a tax attorney, she could state this authoritatively.</p><p><br /></p><p>The reason I'm taking the time to look into this is the possibility that a valuation in the range of what the same book sold for through Sotheby's may affect the amount of taxes owed by the estate. (Sorry if that's obvious. I just wanted to state it explicitly.)[/QUOTE]</p><p><br /></p>
[QUOTE="DBinSV, post: 376720, member: 7320"]Thank you, everyone, for your sympathy and sharing of information. In response to your questions: The university library rare books spokesperson is acknowledging the fact that this book was donated by my father. They had a small ceremony to commemorate the donation and she said she will provide a letter stating that the book was donated by my father. At the same time, she said that on the tax returns, we would only be entitled to a $500 valuation, even though a copy of the same book in similar condition was sold at [URL='http://www.sothebys.com/en/auctions/ecatalogue/2014/music-continental-books-manuscripts-l14402/lot.147.html']a Sotheby's auction[/URL] in 2014 for the equivalent of US$40,000 (the money was apparently paid in British pounds). She said that the reason for this was that my father declined to complete a simple form they offered him, which would have changed the verbiage of the letter of acknowledgement for the donation, and that the window for changing this has closed. She said that, as a tax attorney, she could state this authoritatively. The reason I'm taking the time to look into this is the possibility that a valuation in the range of what the same book sold for through Sotheby's may affect the amount of taxes owed by the estate. (Sorry if that's obvious. I just wanted to state it explicitly.)[/QUOTE]
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