Noncash Donations Gone Wrong: The Missing “Qualified Appraiser” Problem

In Luke Gibson and Breeana Gibson v. Commissioner of Internal Revenue, decided January 6, 2026, the Tax Court denied roughly $189,000 of a claimed noncash charitable deduction after finding that the taxpayers failed to meet the strict substantiation rules for a large donation of cycling gear. Although they had a contemporaneous receipt from the charity, the Court found missing acquisition and basis details, vague testimony about how the property was obtained, and an appraisal record that did not prove the appraiser was qualified. This case is a sharp reminder that for high-value noncash donations, generosity is not enough—the IRS and Tax Court require precise documentation, qualified appraisal support, and proof that every statutory box has been checked.
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Видео Noncash Donations Gone Wrong: The Missing “Qualified Appraiser” Problem канала Alex Y Dvorkin CPA