If the alternate valuation date is elected by the executor in 2013,the total basis of inherited property will be more than what it would have been if the primary valuation date and amount had been used.

Question

Quizplus · Accepted Answer

The alternate valuation date can result in a lower basis if the value of the property decreases between the date of death and the alternate valuation date.

If the Alternate Valuation Date Is Elected by the Executor