By Sidney Kess, James R. Grimaldi, and James A.J. Revels
CPA Journal
February 2018 Issue
Collectibles, such as art, wine, jewelry, and coins and stamps, have long been important assets to individuals, particularly high-net-worth individuals. Art collectors say that the emotional value of buying is their key motivation, but investment return, inflation hedging, and asset diversification are also important considerations, according to findings from Deloitte (“Seeing the Bigger Picture: Arts Collectibles, and Wealth Management,” 2014, http://bit.ly/2l03B5k). Owning collectibles raises a number of financial and tax issues that financial advisors should address with individuals.
[…]
Published with permission from the CPA Journal.
Click here for the full article.
