Diehl, Kevin A.
How to value a painting properly for estate tax purposes Estate of Kollsman v. Commissioner / Kevin A. Diehl .-- , 2018
Disponible en formato electrónico a través de la Biblioteca del IEF.
Resumen.
Estate tax situations can involve difficult valuation issues, especially if the property in question lacks a readily ascertainable
value. In particular, paintings that are not auctioned can be
among the most challenging items to value. Many factors influence painting valuation, including the depiction’s popularity;
condition, dimensions, and provenance (literature citation); and
degree of direct artist participation. In addition, cleaning risks,
bowing, and attribution disputes can result in discounts to what
would otherwise be the fair market value. A recent case, Estate of Kollsman v. Commissioner, provides valuation guidance.
ARTE
VALORACIONES FISCALES
IMPUESTOS
JURISPRUDENCIA
Journal of Taxation of Investments 0747-9115 n. 2, Winter 2018, p. 61-65
How to value a painting properly for estate tax purposes Estate of Kollsman v. Commissioner / Kevin A. Diehl .-- , 2018
Disponible en formato electrónico a través de la Biblioteca del IEF.
Resumen.
Estate tax situations can involve difficult valuation issues, especially if the property in question lacks a readily ascertainable
value. In particular, paintings that are not auctioned can be
among the most challenging items to value. Many factors influence painting valuation, including the depiction’s popularity;
condition, dimensions, and provenance (literature citation); and
degree of direct artist participation. In addition, cleaning risks,
bowing, and attribution disputes can result in discounts to what
would otherwise be the fair market value. A recent case, Estate of Kollsman v. Commissioner, provides valuation guidance.
ARTE
VALORACIONES FISCALES
IMPUESTOS
JURISPRUDENCIA
Journal of Taxation of Investments 0747-9115 n. 2, Winter 2018, p. 61-65