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Property Valuation Service Contracts Private Letter Rulings

Miller Canfield

Amount Realized and Cost Basis in a Property Transaction With Hard-to-Value Property

Miller Canfield on

In Private Letter Ruling 202352011 (December 30, 2023), the taxpayer asked the IRS to determine the amount that it will realize in a property transaction. The taxpayer will receive the property in an arm’s length exchange...more

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