Estate of Murphy v. United States, No. 07-CV-1013, 2009 U.S. Dist. LEXIS 94923 (W.D. Ark. Oct. 2, 2009)

(decedent's 95% limited partner interest in FLP discounted 32.5% for lack of marketability and 11.1% for minority interest; valuation discount allowed for various items of artwork; deduction allowed under I.R.C. Sec. 2053 for interest expense on two loans incurred during administration of estate; FLP created for legitimate business reasons and decedent received FLP interests proportionate to value of property contributed to FLP - bona fide sale exception applicable).

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