Donation Machinery and Equipment Appraisals

Machinery and equipment appraisals are often required in donation situations in order to have peace of mind that your gift will count as a legitimate tax deduction. Excluding gifts of cash and investments, a certified equipment appraisal report must be furnished for the assets involved in all donations that have significant value, and are tangible in nature. In order for a donor or beneficiary to obtain such a report, the services of a certified machinery and equipment appraiser must be solicited.

For example, a gift of medical equipment, such as a wheelchair to an individual beneficiary or entity, would qualify the donor to receive a deduction from taxable income for the donation year. Oftentimes equipment will hold substantial value, creating the need for a certified equipment appraisal report, for further information regarding donations and gifts of non-cash property please inquire from your respective embassy.

Whether a donor or beneficiary, Equipment Appraisal Services has the necessary experience and credentials to assemble a certified equipment appraisal report. Please contact us today for more information regarding donations, and the role of a qualified appraiser in such situations.

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