Kleine Weltin

Kleine Weltin

Friday, February 20, 2015

Art Heals!!! Duh!

Nature, ART, music--- heal thyself Naturally!!!!



Monday, February 2, 2015

Can you treat ART as you do Real Estate for tax purposes?

Art Industry News 
February 1, 2015 - With 1031 exchanges, art investors avoid taxes
THE WALL STREET JOURNAL - Industry experts suggest that a federal capital-gains tax deferral, known as 1031 IRC like-kind exchanges, commonly used for real estate investment is increasingly used for art assets. To pass IRS scrutiny and obtain the tax benefit, taxpayers must meet certain requirements including hold their art as an investment, sell and purchase new "like kind" art of equal or greater value within 180 days and use a qualified exchanger to manage the swap.

The IRS requires art appraisals to be conducted by a QUALIFIED ART APPRAISER.   

www.hessART advisory.com