In addition, the charitable deduction must be reduced by the amount of ordinary income that would have been realized if the interest had been sold at fair market value on the date contributed. (schwabcharitable.org)
They would have been deemed to have sold the property at fair market value on their death — a so - called deemed disposition. (moneysense.ca)
The deceased owner's estate receives instant liquidity at a fair market value for their business interest. (keypersoninsurance.com)