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Comment by 29athrowaway

3 years ago

I am just going to say one thing: what's the fair market value of art? or an alpaca? It's subjective.

yeah, you have to get a third party appraiser but they’re mostly just checking a box

and you can use the last known price as well, the real beauty is that it is not volume weighted

so you get the last price for 1 of that thing, and use that to donate 1,000 of that thing to keep more of your cash, even if it was not possible to realize it for cash

(for the 20% deduction in my example that one relies on cost basis, unless the price has gone down, then its current value)