If the value of the gross estate is lower on the alternate valuation date than on the date of death, the date of death valuation cannot be used.

Question

Quizplus · Accepted Answer

The executor of an estate has the option to use the alternate valuation date if it results in a lower estate tax, but they are not prohibited from using the date of death valuation even if the value of the gross estate is lower on the alternate valuation date.

If the Value of the Gross Estate Is Lower on the Alternate