Fair market value

what is fair market value?
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Quick Summary
Fair market value refers to the price an asset would fetch in a transaction between a willing buyer and a willing seller. Crucially, this transaction must be conducted at arm's length, meaning neither party is under duress or has an unfair advantage over the other. This ensures the price reflects genuine market conditions.

Fair market value is the transaction between a buyer and seller where buy and sale transactions are done at arm length's transactions
Market value

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