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Why Accurate Appraisals Matter in the New Year

Penrose Appraisals

Start Tax Season Right Appraisals are crucial for valuing charitable donations. Non-cash charitable donations can play a big role in reducing your taxes when you itemize. This can bring peace of mind that comes with knowing the fair market value of personal property, especially family heirlooms or collectibles.

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Part II: Understanding and Determining Fair Market Value in Canadian Appraisals

International Society of Appraisers

5/22/2025 12:00:00 AM Fair market value (FMV) is foundational in Canadian personal property appraisals prepared for charitable donations, estate administration, and cultural property certification applications. This means a consistently achieved market price, not an unusually high one-off sale. See Part I here.

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Certified Art Appraiser-San Diego, CA

JSK Fine Art Appraisals

Estate Planning & Trusts When you’re distributing artwork as part of an estate, it’s important to document its fair market value. Charitable Donations If you’re donating a piece of art worth more than $5,000, the IRS requires a qualified appraisal by a certified appraiser.

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Office Hours Information from March 2025

International Society of Appraisers

Q: In a damage claim, what's the most common marketplace for determining the fair market value of diamond jewelry? Is it the orderly liquidation market, retail market, retail replacement market? The process for determining fair market value for a damage claim would be the same for any other intended use.

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Why You Should Get A Charitable Donations Appraisal

Penrose Appraisals

But if you are considering donations of tangible goods, especially high-value tangible goods, then read on. As you may have read elsewhere on the website, the IRS has many rules when it comes to the charitable donation tax credit. (As As always, I am not a tax advisor nor a tax expert.

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Charitable Donations of Art: Maximizing Impact and Tax Benefits

JSK Fine Art Appraisals

When individuals choose to share their art collections through charitable donations, a profound impact is felt not only within the art community but also in the broader sphere of philanthropy. The Power of Art Philanthropy: Charitable donations of art serve as a dynamic force for positive change.

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Evaluation to Valuation: Navigating Fine Art Appraisals

Art Appraisal Resources

Fair Market Value Appraisal One of the most common types of appraisals, a fair market value appraisal determines the price a willing buyer and willing seller would agree upon in an open market, assuming neither is under duress to buy or sell. This value is used for tax deductions.