Summary
Tax Court rejects approaches by both IRS and taxpayer expert for valuing undivided half-interests in vacation home, ultimately concluding combined discount of 17% under weighted, partition and non-partition scenarios.
Ludwick v. Commissioner
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See Also
Tax Court Crafts Its Own Cost-to-Partition Approach in Valuing Fractional Interests
Tax Court rejects approaches by both IRS and taxpayer expert for valuing undivided half-interests in vacation home, ultimately concluding combined discount of 17% under weighted, partition and nonpartition scenarios.