Decades ago, I inherited a valuable piece of art, and I’m now considering selling it to finance a grandchild’s graduate degree that will cost $80,000. What do I need to consider in regard to taxes? Do ...
The artwork, AI God, was estimated to sell between £100,000 to £150,000 (US$126,920 to US$190,380) but surpassed its predicted selling price when it was bought for US$1.08 million last month.