Value of Assets Transferred to a Limited Partnership Is Included in Decedent’s Gross Estate

Business Valuation Update BVLaw
Legal and Court Case Update
March 1, 2000
6514 Operators of Dwellings Other Than Apartment Buildings
531110 Lessors of Residential Buildings and Dwellings
estate and gift taxation
estate tax, fair market value (FMV), bona fide sale

Estate of Reichardt v. Commissioner
114 T.C. 144, 114 T.C. No. 9, 2000 U.S. Tax Ct. LEXIS 8
Federal Court
United States Tax Court
James R. Parks (for estate)<br>Francis X. Burns (for IRS)


The Tax Court determined that the estate must include the value of partial interests in real property in its gross estate under IRC sec. 2036. The decedent owned interests and life interest in real property. He had the power to consume the property in w ...

See Also

Estate of Reichardt v. Commissioner