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Re:Super Mario 64 game sells for record-breaking $1.5M at au... by thebean11 on Monday July 12, 2021 @12:34PM (#27812057)
A fraction of the donated value is still much bigger than the actual value you paid for the art. The important part is to get an appraisal far above the actual value.
Re:Super Mario 64 game sells for record-breaking $1.5M at au... by fridif on Monday July 12, 2021 @07:50PM (#27816404)
How does one get an appraisal that the IRS will believe?
Re:Super Mario 64 game sells for record-breaking $1.5M at au... by patrickthebold on Monday July 12, 2021 @08:36PM (#27816625)
The IRS is way understaffed. I imagine they aren't looking too hard.
Re:Super Mario 64 game sells for record-breaking $1.5M at au... by fridif on Tuesday July 13, 2021 @12:02PM (#27822615)
If you are reporting hundreds of k in donations I'm almost certain you are getting audited, even if it takes them a few years to begin it