Skip navigation
Frazier GettyImages-631145953.jpg

FLP Valuation in the U.S. Tax Court

The divination of discounts for lack of marketability.

The valuation of limited partnership (LP) interests in family limited partnerships (FLPs) is a subject that’s been written about extensively for over 30 years. Most of the literary record has been directed at the topic of applicable discounts. In this vein, the discount for lack of marketability (DLOM) has been discussed repeatedly—some might even say ad nauseam. After 30 years of discourse in the literature, countless seminars and webinars and numerous U.S. Tax Court cases, one would think

All access premium subscription

Please Log in if you are currently a Trusts & Estates subscriber.

If you are interested in becoming a subscriber with unlimited article access, please select Subscription Options below.

Questions about your account or how to access content?

Contact: [email protected]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.