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hypotenoos t1_j9rvt84 wrote

Every sale doesn’t qualify as “fair market value”

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Kered13 t1_j9s0vmv wrote

Any open market sale should be close enough. I mean obviously if you sell it to your friend or family member for $1 that shouldn't count.

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hypotenoos t1_j9s1de5 wrote

But what if you sell it to them for $150k but it’s “really” worth $180k?

Gifts of equity and seller concessions happen all over the place.

Penny more, penny less becomes less of a good standard real quick.

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