Estate of Jones – Valuing gifts of LP interests in income-producing real estate
$225.00
Description
Abstract: The U.S. Tax Court addressed several key business valuation issues in a recent gift tax case. This article explains why the court applied the income approach, not the cost approach, to value a limited partner (LP) interest in a timber business, as well as how it handled the use of management’s projections and the tax-affecting of the earnings of a “pass-through” business. Estate of Jones, TC Memo 2019-101, August 19, 2019
Additional information
| Year | |
|---|---|
| Niche | |
| Newsletter | Valuation & Litigation Briefing / Litigation & Valuation Report |
| Issue | |
| Word Count |