Ludwick v. Comm'r

Court applies cost of partition discounts to tenancy in common interests held by husband and wife in a residence The Tax Court recently upheld, but reduced, minority interest discounts on the value of two tenancy in common interests conveyed to separate qualified personal residence trusts (QPRTs) by a husband and wife. In Ludwick v. Comm'r, T.C. Memo 2010-104 (May 10, 2010), a husband and wife, as

Court applies cost of partition discounts to tenancy in common interests held by husband and wife in a residence

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