Partnership Valuation Focuses on Minority, Marketability Discounts

Business Valuation UpdateVol. 2 No. 12
Legal and Court Case Update
December 1996
6512 Operators of Nonresidential Buildings
531120 Lessors of Nonresidential Buildings (except Miniwarehouses)
estate and gift taxation
valuation date, marketability

Barudin v. Commissioner
T.C. Memo 1996-395, 1996 Tax Ct. Memo LEXIS 404
August 26, 1996
Federal Court
United States Tax Court


The issue is the value of one general partnership unit (out of 95) in FC Partners as of decedent's date of death, Dec. 31, 1989.

See Also

Barudin v. Commissioner

At issue is the proper date-of-death value of decedent's ownership unit in a partnership that owned real property in New York City.