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6/2/2025 12:00:00 AM The Wall Street Journal article regarding a $74 million dollar charitabledonation showcases the need for highly trained experts when it comes to personal property. As the article points out, the threshold dollar amount for tax filing requirements is lower than you might think.
Thus charitable giving often goes up substantially in the last quarter. If you are planning on cash donations, this article is not for you. But if you are considering donations of tangible goods, especially high-value tangible goods, then read on. As always, I am not a tax advisor nor a tax expert.
In this article, we will explore the key indicators that suggest you may need an art appraisal. Artwork Donation: Donating artwork to museums, galleries, or charitable organizations often requires an appraisal for tax purposes.
This article outlines the details you need to know about getting your jewelry appraised, as well as a few things to look out for. CharitableDonation Appraisals If you’re thinking about donating a piece of jewelry to charity, you might be entitled to a tax break. Sold for $2,500 via Doyle New York (February 2020).
CHARITABLEDONATIONS Fair Market Value is also used for non-cash contributions. Although there has been much discussion regarding non-cash donations and the eligibility for tax deductions in the past few years, they are still allowed. Please contact us with any questions you have at drishtillc@icloud.com.
That is why it is vitally important to have a current valuable articles insurance appraisal that reflects the true worth of your prized possessions. That is why it is vitally important to have a current valuable articles insurance appraisal that reflects the true worth of your prized possessions.
This article seeks to provide some simple steps you can follow to connect with reputable local appraisers. It is a worthy pursuit as marketplaces can vary regionally around the country so finding an appraiser near you who understands local market trends can save you a lot of headaches.
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. And I use the word investment broadly – an investment of time, money, space and intention.
Christine Guernsey, a professional appraiser whose interview appears in Part 3 of this article, indicated that a professional written appraisal of a single artwork would at a minimum cost $450 and would more realistically cost between $600 and $800. Be realistic on deadlines. Even in Antiques Roadshow, the appraiser’s need time to research.
He has written 12 books and over 50 articles. Linn has also organized exhibitions, and written articles for such publications as Antiques and Fine Arts Magazine and Architectural Digest. He has over 30 years of experience in valuation, ethics, diversity, equity, and inclusion.
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