A farm has a best use valuation of $3 million and a current use valuation of $1.2 million. If death occurs in 2015 and § 2032A is elected, the farm can be valued in the deceased owner's gross estate at $1.2 million.

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The Answer of A farm has a best use valuation of $3 million and a current use valuation of $1.2 million. If death occurs in 2015 and § 2032A is elected, the farm can be valued in the deceased owner's gross estate at $1.2 million.

A Farm Has a Best Use Valuation of $3 Million