Tax Court Rejects QMDM and Use of Single Comparable

Business Valuation Update BVLaw
Legal and Court Case Update
February 15, 2000
6513 Operators of Apartment Buildings
531110 Lessors of Residential Buildings and Dwellings
estate and gift taxation
estate tax, fair market value (FMV)

Weinberg v. Commissioner
T.C. Memo. 2000-51, 2000 Tax Ct. Memo LEXIS 58
Federal Court
United States Tax Court
Robert Siwicki, ASA (for estate), Samuel J. Kursh, CBA (for IRS)


In this estate tax matter, the Tax Court addressed basic valuation issues dealing with minority interest and illiquidity discounts in the context of a limited partnership interest.

See Also

Weinberg v. Commissioner

At issue is the fair market value of a limited partnership interest over which the decedent had a general power of appointment on the date of her death.