The election of the alternate valuation date does include any income earned by the property after the date the deceased owner died.

Question

Quizplus · Accepted Answer

The alternate valuation date does not include any income earned by the property after the date of the deceased owner's death; it only considers the value of the property six months after the date of death or the date of disposition, whichever comes first.

The Election of the Alternate Valuation Date Does Include Any