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Dave: Tax Question About Deductibility Of Appraisal


TUG Lifetime Member
Jun 7, 2005
Reaction score
Orange County, CA
Dave, I was just thinking about this. The IRS requires an appraisal in order to deduct more than $5,000 (I think) in value of a timeshare donated to charity. I know that the appraisal is not deductible as part of the charitable donation, but doesn't it fall under the provision allowing deductibility of fees paid for the preparation of taxes? If it's an ordinary and necessary expense in order to obtain a fair deduction, it might be considered that way.

Just curious -- doesn't apply to any real world transactions at this time.

Dave M

TUG Lifetime Member
Jun 16, 2004
Reaction score
Sun City Hilton Head, SC
Yes, the appraisal fee is deductible, subject to the two-percent of adjusted gross income (AGI) limitation, as an itemized deduction on Schedule A (Form 1040).