Tax Court Reiterates Its Positions Regarding the Valuation of Real Estate Partnerships

Business Valuation Update BVLaw
Legal and Court Case Update
August 7, 1995

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1611 Highway and Street Construction, Except Elevated Highways
237310 Highway, Street, and Bridge Construction
estate and gift taxation
Estate of Lucile Marie McCormick v. CIR
T.C. Memo. 1995-371
US
Federal Court
United States Tax Court
Gerber

Summary

The Tax Court valued interests in a real estate partnership.

See Also

Estate of Lucile Marie McCormick v. CIR

Full Text of Court Cases
August 7, 1995

The Tax Court valued interests in a real estate partnership. It accepted a valuation using the asset approach, plus various discounts. It rejected a discount for selling costs, and a discount for built-in capital gains taxes. It declined to aggregate the ...