Examples of Net Fair Market Value in a sentence
Net fair market value (FMV) of property you own (not used in the activity) that secures nonrecourse loans used to finance the activity, to acquire property used in the activity, or to acquire your interest in the activity.
Beginning with the third year of the trust, and each year after that year, the unitrust amount for a current valuation year of the trust is the product of the unitrust rate multiplied by the average of the net fair market values of the assets held in the trust on the first business day of:(1) the current valuation year; and(2) each of the two (2) years of the trust immediately preceding the current valuation year.As added by P.L.3-2003, SEC.2. IC 30-2-15-18 Net fair market value of unitrust assetsSec.
Net fair market value shall be determined by the Foundation in its reasonable discretion, based on the market value of the securities and other assets held, less reasonable costs and expenses under generally accepted accounting principles applicable to the Foundation.
Net fair market value of a trust" means the fair market value of the assets of the trust[, less] minus the noncontingent liabilities of the trust.
Net fair market value of your own property (not used in the activity) that secures nonrecourse loans used to finance the activity, to acquire property used in the activity, or to acquire your interest in the activity that will be included on line 14.