If the alternate valuation date is elected by the executor in 2017, 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 from the date of death to the alternate valuation date.

If the Alternate Valuation Date Is Elected by the Executor