If the alternate valuation date is elected by the executor in 2018, 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

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The alternate valuation date is used to potentially lower estate taxes by valuing the estate six months after the date of death, which could result in a lower total basis if the market value of the property decreases.

If the Alternate Valuation Date Is Elected by the Executor