InstantForum.NET v4.1.4California Society of CPAshttp://forums.calcpa.org/forums@calcpa.orgMon, 21 May 2012 03:47:24 GMT20http://forums.calcpa.org/Topic72-2-1.aspxI would think if the donor paid $50,000 for a fractional interest that the IRS would argue that the fractional interest is worth $50,000 unless something material happened between the time he paid for it and the title vested in the donee.Wed, 08 Feb 2006 18:40:56 GMTRichard Cassidyhttp://forums.calcpa.org/Topic72-2-1.aspxThe donor writes a check for $50,000.00 to ABC Limited Partnership for a 1% limited partnership interest in a real estate activity. He requests that the title be in his Son's name. Can this gift of a 1% interest be discounted since it is non-traded, and its a minority interest? Or do we have to show as a $50,000.00 gift since the interest in the partnership was never in the title of the donor?Mon, 06 Feb 2006 15:56:07 GMTgseigel