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Evaluation to Valuation: Navigating Fine Art Appraisals

Art Appraisal Resources

In this post we explore fine art valuation and appraisal, how an appraisal is conducted and the different types of art appraisals. You will be provided with a comprehensive report including a description of the work, the valuation method used and the final appraised value. You can read more about estate tax appraisals here.

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How To Determine If You Need An Art Appraisal

Art Appraisal Resources

Value matters and an art appraisal completed by a qualified art appraiser can save you substantial money by not selling too low, insuring too low, or paying too much in estate tax or equitable distribution. The appraisal establishes the artwork's fair market value, which is crucial for claiming deductions on charitable donations.

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Why You Need an Appraisal

Penrose Appraisals

Estate tax liability. State and federal taxes are a complicated subject and you should always be guided by your accountant or tax advisor. But in determining the tax owed, an appraisal may be required in order to value all of the belongings of the estate. For example, in Pennsylvania, the tax is 4.5%

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Understanding IRS Qualified Appraisals and Qualified Appraisers for Jewelry Valuation

La Jolla Gem Appraisal

Understanding IRS Qualified Appraisals and Qualified Appraisers for Jewelry Valuation When dealing with tax-related matters such as charitable donations, estate tax filings, and gift tax reporting , an accurate and IRS-compliant jewelry appraisal is essential. What Is an IRS Qualified Appraisal?