3 ms·
shocked that this doesn't mention taxes at all. if you donate a piece of art to a museum, in the US you can deduct its "fair market value" from your taxes. so
by currymj 9y ago
shocked that this doesn't mention taxes at all.
if you donate a piece of art to a museum, in the US you can deduct its "fair market value" from your taxes. so if there's a way to drive "fair market value" up higher than what was paid, say if a few comparable artworks sell for an inflated price, everyone can donate to museums and effectively realize some profits without crashing the market by actually selling their art.