Do Kentucky donors follow state or federal appraisal thresholds?
Federal ones. Kentucky's income tax instructions incorporate the federal rules: a qualified appraisal and Form 8283 Section B when a claimed deduction for donated personal property exceeds $5,000, with artwork of $20,000 or more requiring the appraisal attached to the federal return. Kentucky adds no separate donation form or dollar limit of its own.
How does Kentucky handle appraisals when donated items come from an estate?
Through the district court: under KRS 140.170, on request of the personal representative or an interested party, the court appoints a competent appraiser for the estate, and the appraisal report is filed with both the court and the Kentucky Department of Revenue. That inheritance tax process is separate from the federal charitable substantiation for any later donation.
What does Kentucky's court-appointed estate appraiser get paid?
Kentucky caps the compensation at 0.1% of the total appraised value of the estate, with a $5 minimum plus actual travel expenses, an unusually specific statutory limit set in KRS 140.170. The cap applies to court-appointed inheritance tax appraisals, not to privately engaged appraisals for donations or federal reporting.
Does donating business equipment change my Kentucky property listing duties?
The two obligations run in parallel: tangible business personal property must be listed with the county Property Valuation Administrator or the Department of Revenue between January 1 and May 15 each year, and a charitable gift of that equipment still needs federal substantiation, including a qualified appraisal over $5,000. Donors claiming a deduction in the same year they list property should keep both records consistent.