Discuss the relevance of the following in defining fair market value for Federal gift and estate tax
Question:
Discuss the relevance of the following in defining “fair market value” for Federal gift and estate tax purposes.
a. § 2031(b).
b. The definition contained in Reg. § 20.2031–1(b).
c. The sentimental value of the property being valued.
d. Tangible personalty sold as a result of an advertisement in the classified section of a newspaper.
e. Sporadic sales (occuring on other than the valuation date) of stocks traded in an over-the-counter stock exchange.
StocksStocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...
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A Section 2031b treats the problem of stocks and securities for which there is no available sales pr...View the full answer
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Related Book For 
South Western Federal Taxation 2018 Corporations Partnerships Estates And Trusts
ISBN: 1389
41st Edition
Authors: William H. Hoffman, William A. Raabe, James C. Young, Annette Nellen, David M. Maloney
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