Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Based on the following excerpt from New York Times on Trump Tax issues, which concept(s) is care) med to reduce the valuation by another 45
Based on the following excerpt from New York Times on Trump Tax issues, which concept(s) is care) med to reduce the valuation by another 45 percent That enabled the Trumps to slash Mr. Von Ancken's valuation in a way that was legally oblous. They claimed that Fred and Mary Trump's status as minority owners, plus the fact that a building couldn't be sold as easily as a share of stock, entitled them to top 45 percent off Mr. Von Ancken's 93.9 million valuation. This cam, combined with 13 million more in standard deductions, completed the alchemy of turning real estate that would soon be valued at nearly 900 million into 541 million minority discount liquidity discount risky asset discount minority discount and liquidity discount
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started