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Momma Told Me Not To Do That: Our Discount For Estate Tax Purposes Was Allowed, How Come We Now Have To Pay More Income Taxes?

Journal of Passthrough Entities

The exit times from family limited partnerships are two fold, during life or at death. And the exit strategy most often applied is complete liquidation of the partnership and distribution of partnership assets. This is particularly true with a family partnership that is made up primarily of marketable assets (a “MAP,” or “marketable asset partnership”).

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