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)

 

Very professional, effective, and experienced. Will definitely refer them.
Patti Lambert
01/19/2023
Very professional, effective, and experienced. Will definitely refer them.
Patti Lambert
Patti Lambert
01/19/2023
I have noticed that reaching an appraiser can be a challenge. But when it came to reaching out to Julius, with Aegis Appraisals, the response was quick and he was willing to go the distance to help my client. I will be calling on Aegis Appraisals again. Stephony Garrett, Team Lead at Home Sync Team @ eXp Realty
Stephony Garrett
02/02/2023
I have noticed that reaching an appraiser can be a challenge. But when it came to reaching out to Julius, with Aegis Appraisals, the response was quick and he was willing to go the distance to help my client. I will be calling on Aegis Appraisals again. Stephony Garrett, Team Lead at Home Sync Team @ eXp Realty
Stephony Garrett
Stephony Garrett
02/02/2023
Julius was wonderful! He took his time explaining the process, inspecting the property and prioritized us to achieve our quick turn around for closing! Highly recommend!!
Crystal Harp
04/19/2023
Julius was wonderful! He took his time explaining the process, inspecting the property and prioritized us to achieve our quick turn around for closing! Highly recommend!!
Crystal Harp
Crystal Harp
04/19/2023
I had the most amazing experience with this company. Steven was very professional, very knowledgeable, and answered all of my questions to the fullest. I also received my report in a timely manner. I highly recommend this this company for your next appraisal.
Maricha Grundy
08/14/2023
I had the most amazing experience with this company. Steven was very professional, very knowledgeable, and answered all of my questions to the fullest. I also received my report in a timely manner. I highly recommend this this company for your next appraisal.
Maricha Grundy
Maricha Grundy
08/14/2023
Julius was very professional and thorough. He was prompt and provided a lot of insight on how assessments are done. He issued his report in a very timely manner and was patient in answering my questions. If necessary, I will use him again.
Denise Celious
08/11/2023
Julius was very professional and thorough. He was prompt and provided a lot of insight on how assessments are done. He issued his report in a very timely manner and was patient in answering my questions. If necessary, I will use him again.
Denise Celious
Denise Celious
08/11/2023
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 ...
Read More
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 ...
Read More
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