Explain the equitable apportionment rule

Reference no: EM132082339

Question: Explain the equitable apportionment rule and why it is important in the sale of developments and subdivisions of real estate.

Is there more than one acceptable method for allocating basis among several parcels of real estate that were originally purchased in a lump sum by the seller/taxpayer? Explain.

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132082339

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