haha, maybe the kid caught the ball so it didn't hit him on the head or some other kid? nice-grab tax! haha. well, it's crazy to pay taxes with out selling it!
as for you antiques... i think you're OK if it something given to you is worth less than $10K, but don't take my word for it!! plus, i wouldn't say anything if something was given to me worth more than that! haha.
The discussion about the home run ball is about income tax. The ball wasn't a gift.
I don't think a gift from Grandma is income subject to tax.
If that were so, nearly everyone would be paying taxes on gifts from their grandparents, and children on money given them by their parents. You'll note the IRS doesn't tax this.
The home run ball is similar to another story about someone who won a Rolls Royce on a game show. The woman who won it couldn't afford the income tax to keep it so she had to sell it.
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