[chadash]

Say my name is John Smith and I inherit a Ferrari whose auction value is well established at $1 million. The first thing I do is claim the Ferrari for $800,000, taking it $200k under market. Immediately after that, I have John Smith engraved on some of the car components. Now, the car is in fact worth less than when I inherited it, because no one would be willing to pay as much for a John Smith engraved Ferrari. Maybe I didn't plan to sell it anyway, but it seems like I'm dodging the the taxes on the $200k difference here.