![]() ![]() If the instrument is worth less than $5000, then you don’t need to hire an appraiser to value it for you or submit an IRS 8283 form. Basically, you need to know what you could sell an instrument for to a private party buyer. Establish a Fair Market Valueįirst of all, it is primarily up to you, not to the non-profit organization, to determine the value of the piano or keyboard you are donating. If you think that you would like to donate a piano, here are some suggestions as to how to go about doing it. ![]() When you donate a piano to a qualified non-profit organization, you may be able to receive an actual deduction in your income taxes equal to the full fair market value of the instrument. Government and individual states have given those who file tax returns certain benefits for supporting authorized public benefit organizations. ![]()
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