A trust’s gift of appreciated realty is deductible at fair market value (not lower adjusted basis) according to a recent decision by a U.S. District Court in Oklahoma, Mart D. Green v. United States (No. 5:13-cv-01237) (W.D. Okla. 2015).
Up-Front Takeaway. A trust shouldn’t bet—or contribute—an appreciated ranch (or other property) based on this district court decision.
First, Some Background
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