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Is it Important to Correctly Value Property that is Contributed to a Limited Partnership?

April 26, 2017correctly limited partnership Property value

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Is it Important to Correctly Value Property that is Contributed to a Limited Partnership?

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Yes. Placing the correct value on property contributed to a limited partnership is critical for a number of reasons. For this reason, I recommend that you obtain a written appraisal from a qualified independent appraiser before contributing property other than cash and marketable securities to the partnership.