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https://www.irs.gov/publications/p561
If you do not attach the appraisal, you cannot deduct your contribution, unless your failure to attach the appraisal is due to reasonable cause and not to willful neglect. Qualified Appraisal Generally, if the claimed deduction for an item or group of similar items of donated property is more than $5,000, you must get a qualified appraisal signed and dated by a qualified appraiser.
https://pocketsense.com/can-claim-jewelry-taxes-8250373.html
Once you determine the value of your loss, the amount is subject to two reductions to arrive at the deductible amount. First, you reduce your total jewelry loss resulting from the theft by $100. From this amount, you must then subtract 10 percent of your Adjusted Gross Income (AGI). The result is the amount of your tax deduction.
https://www.invaluable.com/blog/jewelry-appraisal/
Mar 27, 2020 · Types of Appraisals. There are many types of appraisals available, each serving a different purpose such as tax, insurance or resale. All types of appraisals seek to verify the fair market value of an object; as such, the jewelry appraisal needs to be as objective and as accurate as possible. Common types of appraisals include:
https://www.investopedia.com/articles/personal-finance/100115/how-value-jewelry-inherited-loved-one.asp
Nov 18, 2019 · Pretty much anyone can claim to be a jewelry appraiser. There are no federal or state licensing requirements the way there are for real estate appraisers. ... value (used for tax purposes ...
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