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AFMV |
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? References in periodicals archive |
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A disqualified investment corporation is any distributing or
controlled corporation if the aggregate fair market value (FMV) of the
corporation's investment assets is: (1) 2/3 or more of the FMV of
all assets of the corporation, for distributions after the end of the
one-year period beginning on May 17, 2006; and (2) for distributions
during such one-year period, 3/4 or more of the FMV. (a) three properties, without regard to the fair market values of
those properties (the "3-property rule"); or (b) any number of
properties as long as their aggregate fair market value as of the end of
the identification period does not exceed 200 percent of the aggregate
fair market value of all the relinquished properties as of the date the
relinquished properties were transferred by the taxpayer (the
"200-percent rule"). Under these rules, the taxpayer will be deemed to have made a
taxable sale to the extent the aggregate fair market value (FMV) of the
properties transferred in an exchange group is greater than the FMV of
the properties received. |
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