Posted by ed1 on March 26, 2009 at 08:40:52 from (198.185.164.128):
An individual donated a perfectly restored Ford 8N tractor to the museum i affiliated with. The individual spent a lot of money on restoring it and is looking for a non-profit donation on his tax return. We're using the tractor so their is no resale.
What is the best method to value this for Tax purposes. E-Bay has a lot of un-sold tractors and know a lot of people have an ax to grind with them so their values may not reflect the ture value.
Has anyone had experience with appraisers? or is their another source to value the tractor from that won't get this person in trouble?
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Today's Featured Article - Women and Tractors - More Views From the Farmer's Wife - by Teri Burkholder. The top ten reasons why the judges wouldn't let you participate in the stock antique tractor pull: Hey, this is stock! It came with that V8 in it! That "R" on my tires stands for "really old" not radial! Blue gas? We thought it was a pretty color! What wire hooked to my throttle?
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