IRS Qualified Reports

 

Are you considering donating real estate?

Considering donating real estate and not sure where to start?

First and foremost, know that you’ll need a qualified appraisal, performed by a qualified appraiser. Whether its between family members or to a charitable organization, you will be in need of an “IRS Qualifed” appraisal. Our certified appraisers produce reliable IRS Qualified Appraisal Reports for itemizing tax deductions for the donation of residential real estate property.

 

What is a “Qualified Appraisal”?

A qualified appraisal is an appraisal that meets the requirements set forth by the Internal Revenue Service (IRS) and is conducted by a qualified appraiser. Qualified appraisals are made no earlier than 60 days before a piece of property is donated.

Determining the value of a piece of property is especially important when making a donation, since an improper valuation can result in either a deduction lower than what the property could bring or a red flag by the IRS for a valuation that seems too high.  To figure how much you may deduct for property that you contribute, you must first determine its fair market value on the date of the contribution

Fair market value (FMV) is the price that property would sell for on the open market. It is the price that would be agreed on between a willing buyer and a willing seller, with neither being required to act, and both having reasonable knowledge of the relevant facts.

 

Form 8283

A qualified appraisal document is used to notify the IRS that the value of a piece of property is in excess of $5,000, and is attached to Form 8283 and filed with a tax return if a deduction is being requested. Form 8283 is used to report information about non-cash charitable contributions and is required if a taxpayer’s deduction for all non-cash gifts exceeds $500. Individuals, partnerships, and corporations can all file Form 8283.

About Form 8283, Noncash Charitable Contributions | Internal Revenue Service (irs.gov)

 

Great company
Jackie M. of Cypress, TX
09/19/2022
Great company
Jackie M
Jackie M. of Cypress, TX
09/19/2022
Great service for a great price. Received my appraisal in less than 48 hours. Will use again.
Daniel R. of Conroe, TX
12/04/2022
Great service for a great price. Received my appraisal in less than 48 hours. Will use again.
Daniel R
Daniel R. of Conroe, TX
12/04/2022
Management is informative, knowledgeable, and professional. Would definitely recommend!
Ben G. of Nashville, TN
8/28/2020
Management is informative, knowledgeable, and professional. Would definitely recommend!
Ben G. of Nashville, TN
8/28/2020
Get an appraisal! From Aegis! Their appraisal helped reduce the assessed value $46K on my home. I was a 1st time protester of an appraisal district.
Ted Norris of Huntsville, TX
8/31/2020
Get an appraisal! From Aegis! Their appraisal helped reduce the assessed value $46K on my home. I was a 1st time protester of an appraisal district.
Ted Norris of Huntsville, TX
8/31/2020
Quick response measuring home sq feet. Accurate and good value
Anonymous of Spring, TX
5/9/2016
Quick response measuring home sq feet. Accurate and good value
Anonymous of Spring, TX
5/9/2016
Would definitely recommend. Steven is great and very helpful if you have any questions or concerns regarding appraisal report. Will be using again.
Jason B. of Houston, TX
5/31/2016
Would definitely recommend. Steven is great and very helpful if you have any questions or concerns regarding appraisal report. Will be using again.
Jason B. of Houston, TX
5/31/2016
Competent. Prompt. Personable. Responsive.
Phil S. of Bellaire, TX
10/16/2016
Competent. Prompt. Personable. Responsive.
Phil S. of Bellaire, TX
10/16/2016
They actually measure the inside and the outside each and every corner of the wall . you're going to get a very accurate appraisal
Racheal G. of Houston, TX
1/22/2017
They actually measure the inside and the outside each and every corner of the wall . you're going to get a very accurate appraisal
Racheal G. of Houston, TX
1/22/2017
I am a Real Estate Broker. The first time I worked with Aegis, they were assigned to appraise one of my listings. From speaking with him, I could tell Steven was so thorough, that I kept his information for future needs. He is an excellent appraiser and a wealth of knowledge. If I am stuck on pricing a home, I ...
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Erica H. of Houston, TX
4/10/2017
I am a Real Estate Broker. The first time I worked with Aegis, they were assigned to appraise one of my listings. From speaking with him, I could tell Steven was so thorough, that I kept his information for future needs. He is an excellent appraiser and a wealth of knowledge. If I am stuck on pricing a home, I know they will do an excellent job appraising it!
Erica H. of Houston, TX
4/10/2017
Excellent customer service. They took the time to answer all my questions at the time of the appraisal. After I received my appraisal they then walked me through the appraisal explaining how they determined the value of my home and again answering any questions along the way. The cost of their services is well worth the confidence that I have ...
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Anonymous of Spring, TX
5/5/2017
Excellent customer service. They took the time to answer all my questions at the time of the appraisal. After I received my appraisal they then walked me through the appraisal explaining how they determined the value of my home and again answering any questions along the way. The cost of their services is well worth the confidence that I have going forward in the sale my home.
Anonymous of Spring, TX
5/5/2017
They did a fast and efficient job
Steve C. of Kingwood, TX
8/4/2017
They did a fast and efficient job
Steve C. of Kingwood, TX
8/4/2017
Prompt and efficient, had quote the next day, very satisfied
Harry B. of Houston, TX
10/17/2017
Prompt and efficient, had quote the next day, very satisfied
Harry B. of Houston, TX
10/17/2017
Used their services to get an appraisal to successfully contest the appraisal district's inflated appraisal
Jeff H. of Conroe, TX
8/21/2022
Used their services to get an appraisal to successfully contest the appraisal district's inflated appraisal
Jeff H. of Conroe, TX
8/21/2022
-Prompt to respond to questions / comments -were able to complete appraisal in a timely manner
Diane M. of Tomball, TX
08/22/2022
-Prompt to respond to questions / comments -were able to complete appraisal in a timely manner
Diane M. of Tomball, TX
08/22/2022
Incredibly professional. Knew the market and was very detailed. I have worked with many appraisers over the years but none have been as good as Aegis and Steven Weber.
Jon G. of Magnolia, TX
10/3/2021
Incredibly professional. Knew the market and was very detailed. I have worked with many appraisers over the years but none have been as good as Aegis and Steven Weber.
Jon G. of Magnolia, TX
10/3/2021
Very courteous & professional!
Tim Benge
11/16/2021
Very courteous & professional!
Tim Benge
11/16/2021
Excellent service, very knowledgeable and very friendly guys 5 ⭐️
D Hermosa
2021
Excellent service, very knowledgeable and very friendly guys 5 ⭐️
D Hermosa
2021
Extremely professional, accurate, and easy to work with. They went above and beyond to help me make an educated decision as a first-time homebuyer. One of the friendliest companies I've come across!
Benjamin G of Cypress, TX
8/16/2022
Extremely professional, accurate, and easy to work with. They went above and beyond to help me make an educated decision as a first-time homebuyer. One of the friendliest companies I've come across!
extremely professional
Benjamin G of Cypress, TX
8/16/2022
These guys are awesome. Julius has been extremely informative and most helpful in very quick timelines. They are my go to. Thank you guys for being so good at your jobs!
Michael Owens
8/21/2022
These guys are awesome. Julius has been extremely informative and most helpful in very quick timelines. They are my go to. Thank you guys for being so good at your jobs!
Michael Owens
8/21/2022