Identify Which of the Following Statements Is False

Identify which of the following statements is false.

A) If the alternate valuation date is elected, changes in value that occur solely because of a "mere lapse of time" usually are to be ignored.
B) The "blockage" regulations allow the IRS to prevent the estate's executor from electing the alternate valuation date.
C) If property is sold within 6 months of the date of death, the alternative valuation date is the date of sale.
D) The alternate valuation date can be elected for estate tax purposes only if the election decreases the value of the gross estate and estate tax liability (after reduction for credits) .