On an estate tax return, the personal representative may elect to use the alternate-valuation method, which allows property to be valued as of six months after the date of death.

Question

Quizplus · Accepted Answer

This statement is true. The personal representative of an estate may elect to use the alternate-valuation method for valuing property on the estate tax return, which allows the property to be valued as of six months after the date of death rather than the date of death itself. This can be advantageous if the property has declined in value during that time period.

On an Estate Tax Return, the Personal Representative May Elect