Ask an Appraiser: Qualified Appraiser Statement and the Appraiser Declaration
Tuesday, March 10, 2020 in Ask an Instructor
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Question: Do I need to include the Qualified Appraiser statement (Checklist #39) and the Appraiser Declaration (Checklist #40) in every appraisal report?
Answer: Excellent question. These checklist items are required for U.S. non-cash charitable contribution appraisal reports, and recommended for all U.S. appraisals intended for the IRS – charitable contributions, estate tax, and gift tax. The instructors and I have noticed that some appraisers are including these statements in other appraisal reports, such as those with an intended use for insurance. In my opinion, it is a business decision whether or not you want to include the Qualified Appraiser statement in your insurance report. It is not a bad idea to reinforce to your client and any intended user that you are a qualified appraiser in the items being appraised, though it is not a requirement to do so. That said, the Appraiser Declaration statement includes specific language about penalties under the Internal Revenue Code and that the "appraisal will be used in connection with a return or claim for refund." This language would not be appropriate to include an insurance appraisal, as it is not applicable and would likely just cause confusion.