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In this blog entry, we’ll discuss whether a person should get their antiques appraised for insurance purposes. A professional appraiser should have appropriate credentials and expertise in the specific type of antique being appraised.
Appraisals are important not only to make certain you are appropriately insured, but it can also help you make smart decisions about charitabledonations, gifts to family members or making the decision to sell the work. They don’t have the correct credentials. There is not enough information.
Understanding IRS Qualified Appraisals and Qualified Appraisers for Jewelry Valuation When dealing with tax-related matters such as charitabledonations, estate tax filings, and gift tax reporting , an accurate and IRS-compliant jewelry appraisal is essential. Who Qualifies as an IRS Qualified Appraiser?
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