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Deductions & credits
The fair market value is the price an asset would sell for on the open market when certain conditions are met. The conditions are: the parties involved are aware of all the facts, are acting in their own interest, are free of any pressure to buy or sell, and have ample time to make the decision
for real estate often what's used is comparative market value. what similar property in the area recently sold for.
‎November 12, 2021
10:03 AM