Kali the Boston Terrier
Senior Member
- Joined
- Jul 7, 2003
- Professional Status
- Certified General Appraiser
- State
- Michigan
So I have a client that is submitting my report of a conservation easement, we are filling out Form 8283 (which I have done many times). I look where the accountant has filled in some of the areas, line 5(c) has the donation amount not the fair market value of the property. When I questioned the accountant she said "...that is how the IRS wants to see it".
I have refused to sign it because I believe that the IRS has said Fair Market Value of property for a reason, and that every other 8283 I have done had the FMV of the property. So if the donation amount and the FMV are different, should the donation amount go in line 5(c)?
Am I correct to dig my heels in here?
I have refused to sign it because I believe that the IRS has said Fair Market Value of property for a reason, and that every other 8283 I have done had the FMV of the property. So if the donation amount and the FMV are different, should the donation amount go in line 5(c)?
Am I correct to dig my heels in here?