What is the difference between fair market value and book value?
2.9k views | Last modified 6/5/2020 4:52:16 AM EST | Added by ExpressTaxExempt Team

Applicable To
990-PF 990-N 990-EZ 990 8868 1120-POL

Fair market value is typically the current price an asset or a property could be sold in the open market. Whereas, book value is the actual price the buyer paid in first for that particular asset.

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