Business, 05.05.2020 21:37 aliceohern
Tom and Lisa transfer their mutual funds and their stock portfolio to the FLP. The value of assets transferred to the FLP is $1,000,000. They each have a 1% general partnership interest and 49% limited partnership interest. A valuation expert has indicated that they can take a 25% discount for lack of marketability and minority interests. If Tom and Lisa each gift their entire limited partnership interest to their four sons, what is the total value of the taxable gifts that Tom and Lisa have made
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Tom and Lisa transfer their mutual funds and their stock portfolio to the FLP. The value of assets t...
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