### Question
How does the law define qualified appraisal?


### Answer
Under *26 U.S.C. § 6664*, **qualified appraisal** is defined as:

> any appraisal meeting the requirements of the regulations prescribed under section 170(a)(1)

#### Citation:
  - *26 U.S.C. § 6664*
  - Heading: **Subtitle F-Procedure and Administration > CHAPTER 68-ADDITIONS TO THE TAX, ADDITIONAL AMOUNTS, AND ASSESSABLE PENALTIES > Subchapter A-Additions to the Tax and Additional Amounts > PART II-ACCURACY-RELATED AND FRAUD PENALTIES**

