If the fair market value of the property on the date of death is greater than on the alternate valuation date, the use of the alternate valuation amount is mandatory.

Name: If the fair market value of the property on the date of death is greater than on the alternate valuation date, the use of the alternate valuation amount is mandatory.
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Quizplus · Accepted Answer

The use of the alternate valuation date is optional and can only be used if it results in a lower estate tax liability.

If the Fair Market Value of the Property on the Date