How to get the true value out of your Verdult artwork? - Yazzy's at www.williamverdult.com
Friday, March 19, 2010 at 10:37AM
Did you know that you can get the true value out of your Verdult artwork, often times ten or more times what you paid for the artwork, as long as you follow the right steps to take advantage of the tax laws. The wealthy and smart people do – so can you.
Take a close look at our Yazzy’s Fine Art Money Saving Tax Advantage Program and uncover the hidden value in your art.
Take a look at 10 Tips for Getting the Most Out of Charitable Donations and you will find some powerful tax write-offs that can save you thousands of dollars for many years to come.
Here are some key points:
- TIP #1: Donate Appreciated Objects The general rule is that you can deduct the full fair market value of the donation as of the date of the contribution. This is not the BASIS (what you paid for it), but the current fair market value.
- TIP #2: Donate Long-Term Capital Gain Objects The amount you can deduct for a contribution of ordinary income property is generally only your basis (cost) in the property, not the full fair market value.
- TIP # 3: Donate to a Public Rather Than Private Charity.
- TIP #4: Make Sure the Public Charity meets the “Related Use Rule”
See more tips..
The bottom-line is with the right strategies you can take advantage of the tax laws to get often times ten or more times what you paid for the artwork! Let us show you how with Yazzy’s Fine Art Money Saving Tax Advantage Program.
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