A vehicle appraisal for IRS Form 706 is a written opinion of fair market value as of the valuation date, prepared by a qualified appraiser. Vehicles are typically reported on Schedule F, and your attorney or CPA confirms how each item is handled.
What the report states
- The identity of each vehicle: year, make, model, VIN, mileage, equipment, and condition.
- The valuation date and the definition of fair market value.
- The market evidence used, with dates and sources, and the reasoning behind each adjustment.
- The appraiser’s qualifications and signed certification.
Single vehicles and collections
An estate with several vehicles can be handled in one engagement, with a summary schedule up front and an individual valuation section for each vehicle. Pricing tiers reflect the research each vehicle needs, so a routine car is not priced like a rare one.
When a vehicle needs extra research
Pre-war cars, Full Classics, heavily modified cars, and vehicles with thin market histories get additional research before a value is concluded. For the highest-value pieces we bring in a marque specialist when it adds certainty.
What we need from you
- The list of vehicles and where they are kept.
- The valuation date from your attorney or CPA.
- Access to the vehicles and any title, registration, and service records.
Start with a confidential consultation, or request a proposal for a multi-vehicle estate.