FMV definition of FMV in the Free Online Encyclopedia.

Generally, this is not a problem when the FMV of the property contributed to the corporation equals its basis in the transferor's hands.

Avoiding gain when a shareholder receives corporate debt by Ellentuck, Albert B. / The Tax Adviser

This ruling concluded that: (1) F realized capital gain based on the difference between F's basis in the property and the annuity's PV; (2) this gain was reported ratably over F's life expectancy; (3) the investment in the contract to compute the exclusion ratio was F's basis in the property transferred; (4) the excess of the property's FMV over the annuity's PV was a gift from F to S; and (5) the prorated capital gain reported annually was derived from the taxable portion of each payment.

Private annuities: proposed regulations would negate income tax ... by Josephs, Stuart R. / California CPA

When a donor transfers encumbered property to a charity and the property's FMV exceeds his or her basis, the donor, will recognize income.

Income tax consequences of certain gift transactions: some transfers ... by Fiore, Nicholas J. / Journal of Accountancy

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