You donate a valuable work of art and expect a big tax break. Here’s why you may not get it.

When we last had seen Mr. Watson, he was a struggling sculptor in upstate New York, but the recent death of his grandparents in a freak mudslide spelled the end of his financial woes. He was now rich. Very, very rich. And on top of a bulging bank account, he was the proud owner of a museum-quality art collection. Continue reading “Powers of Deduction”