Post Profile

Can I Get a Tax Deduction For the Artwork I Made? Short Answer, No

Here’s the scenario: Your friend at Charity X wants you to donate one of your paintings to their upcoming fundraising auction. You’re on the fence, but she mentions the tax deduction, and so you agree. After your painting sells at the event, you get a letter from Charity X, intended for your tax records, stating the price your piece sold for. This scenario is misleading to the artist.
read more


Related Posts

Picasso Painting Sells For $179 Million, Breaking Art Auction Record

News : Huffington Post

NEW YORK (AP) — A vibrant, multi-hued painting from Pablo Picasso set a world record for artwork at auction, selling for nearly $179.4 million on Monday night. "Women of Algiers (Version O)" was part of a sale at Christie's auction ...

Indian painting by Vasudeo S. Gaitonde sells for record $4.4 mn at Christie's auction

Arts : Artdaily

An oil painting by abstract artist Vasudeo S. Gaitonde sold for 293 million rupees ($4.4 million) at a Christie's auction in Mumbai on Tuesday, setting a new world record for Indian artwork. Gaitonde's untitled painting from 1995 br...

London Games Festival auctions exclusive artworks

Entertainment / Video Games : Guardian Games Blog

Dozens of video game concept paintings and sketches, originally exhibited at London City Hall, are being auctioned off for charity from today A series of artworks donated to the London Games Festival by major developers is being auc...

Charitable Tax Deductions: How to Deduct Donations to Charity

Business & Finance / Taxes : BackTaxesHelp

Are you trying to determine whether or not a charitable donation that you’ve made – or are thinking of making – will be a tax deduction? The good news is that most donations made to charities qualify as tax deductions. The bad, news...

One Infographic That Proves The Art World Is Stunningly Sexist

Business & Finance : Fast Company

Want to sell a painting for a lot of money? Make sure it was painted by a man. Out of the 320 most expensive artworks sold in auction between 2008 and 2012, all but one was created by a man. This shocking fact is brought to life in ...


Copyright © 2016 Regator, LLC