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Old 01-31-2016, 09:38 AM
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partial owner discount applied to basis?

Wife sold her 1/8 share of family property to a cousin. Should her basis for figuring cap gains be 1/8 of the property's fair market value when she inherited it, or should there be a discount applied because 1/8 share is not as inherently valuable to any given buyer. If discount, what is typical amount? Thank you.



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Old 01-31-2016, 09:43 AM
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Memory not what it used to be.

Sorry, I already asked this question. Looking for way to delete...



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