Tax Court Crafts Its Own Cost-to-Partition Approach in Valuing Fractional Interests

Business Valuation UpdateVol. 16 No. 7
Legal and Court Case Update
July 2010
6733 Trusts, Except Educational, Religious, and Charitable
525920 Trusts, Estates, and Agency Accounts
federal taxation

Ludwick v. Commissioner
2010 WL (U.S. Tax Ct.)
May 10, 2010
US
Federal Court
Federal
United States Tax Court
Paul K Roskoph
Carsten Hoffman (taxpayer); Stephen Bethel (IRS)
Halpern

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 nonpartition scenarios.

See Also

Ludwick v. Commissioner

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.