By treating it as a split gift, you can completely shelter the gift with your $14,000 exclusion plus your spouseâs $14,000 exclusion. That way no gift tax is due, and the gift doesn't reduce the $5.43 million lifetime gift tax exemption in effect for 2015 or the estate tax exemption for you or your spouse. If you choose to make a split gift, you must file Form 709, and your spouse must consent to the arrangement.
Some services that require additional costs are obtaining insurance on the piano, moving the piano up steps and lifting the piano through a window. Cost Breakdown. 1  Local moves typically cost from $125 to $250 for an upright piano to $600 for a grand or baby grand.2  Long distance moves range from $700 to $2000, but distance and the accessibility of beginning and end locations make this price estimate fluctuate wildly.f it a baby grad piano then it will cost more since it will require more men power to move it. Reply. June 15, 2012 at 9:05 am, Washington DC said: Moving a piano can be really tricky if you donât know what exactly you are doing.
Used Vertical Piano Prices. Remember that pianos have a long lifespan; if you purchase wisely, youâll only have to do this once. That said, for a used vertical piano that is properly restored and warrantied, you can expect to pay $1000 up to, well, up to $13,000 or more (as in a vintage Steinway, for example).