unclejack857
Junior Member
What is the name of your state (only U.S. law)? Pennsylvania
Hello, I inherited a 1964 Buick Skylark and was wondering what I would have to do to prove it's worth to pay my inheritance tax on it? Where would I find a value for such an old car? Kelly Blue Book doesn't go back that far and NADA only has 2 conditions listed, which if I remember correctly, were like mint and very good. I need to know how I would get a value and then how do I prove that value to the IRS? Someone I know had said they thought a printed value from an online site would work but like I had stated I can't find any. I can buy an Old Cars Price Guide and make a copy of the condition price but I don't know if this is acceptable? The car hasn't been ran in 5 years and won't start. Hasn't been on the road in over 10 years and the motor won't start. So, my guess is it would be listed as a parts vehicle and probably valued at $500. Any opinions, suggestions are greatly appreciated as always! JackWhat is the name of your state (only U.S. law)?
Hello, I inherited a 1964 Buick Skylark and was wondering what I would have to do to prove it's worth to pay my inheritance tax on it? Where would I find a value for such an old car? Kelly Blue Book doesn't go back that far and NADA only has 2 conditions listed, which if I remember correctly, were like mint and very good. I need to know how I would get a value and then how do I prove that value to the IRS? Someone I know had said they thought a printed value from an online site would work but like I had stated I can't find any. I can buy an Old Cars Price Guide and make a copy of the condition price but I don't know if this is acceptable? The car hasn't been ran in 5 years and won't start. Hasn't been on the road in over 10 years and the motor won't start. So, my guess is it would be listed as a parts vehicle and probably valued at $500. Any opinions, suggestions are greatly appreciated as always! JackWhat is the name of your state (only U.S. law)?