In the wake of unfavorable market conditions, Todd Barron and Steve Thomas join the discussion about the recession’s impact on the value of real property. The fact is that an arms-length sale should be considered valid even if the markets are depressed.
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This story is from the CCH’s monthly Focus on Tax newsletter, which provides advise and guidance on federal and state tax issues for tax and accounting professionals.
Read this article from CCH’s Journal of Taxation of Financial Products