The election of the alternate valuation date cannot affect the amount of a charitable deduction allowed to an estate for a bequest to a qualified charity.

Question

Quizplus · Accepted Answer

The election of the alternate valuation date can affect the amount of a charitable deduction because it may change the value of the estate's assets, which in turn can affect the value of the bequest to a charity.

The Election of the Alternate Valuation Date Cannot Affect the Amount