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Whether it’s a modest household or a high-value estate with art, jewelry, and antiques, these are the four main reasons families choose to get an estate appraisal. EstateTax Return or Probate Requirement In some cases, an appraisal is not just helpful, it’s required.
Understanding IRS Qualified Appraisals and Qualified Appraisers for JewelryValuation When dealing with tax-related matters such as charitable donations, estatetax filings, and gift tax reporting , an accurate and IRS-compliant jewelry appraisal is essential. What Is an IRS Qualified Appraisal?
A personal property estate appraisal is a professional assessment of the value of tangible assets within an estate. This includes items such as furniture, art, collectibles, jewelry, vehicles, and household goods. The IRS requires these standards for EstateTax filings.
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