Posted 3/31/2024 17:20 (#10688190 - in reply to #10686682) Subject: RE: How to wrap my head around generational transitions/equity?
Central Iowa
My Great Uncle gave my Dad first right of refusal and I got second. Best thing he did was setting the value based on the tax appraisal rate. Lawyer and account both agreed IRS would go along with value and the value was still significantly lower than the going rate.