Among the assets included in Taylor's gross estate are the following.

Three months after Taylor's death in 2013, her executor sells the Rail stock for $830,000.
a. What is the amount of Taylor's gross estate if date of death value is used?
b. What is the amount of Taylor's gross estate if the alternate valuation date is elected?
c. Suppose all of Taylor's assets pass to her surviving spouse. Does this have any impact on the choice of valuation date? Explain.

Question

Among the assets included in Taylor's gross estate are the following.
 
 Three months after Taylor's death in 2013, her executor sells the Rail stock for $830,000. 
a. What is the amount of Taylor's gross estate if date of death value is used?
b. What is the amount of Taylor's gross estate if the alternate valuation date is elected?
c. Suppose all of Taylor's assets pass to her surviving spouse. Does this have any impact on the choice of valuation date? Explain.

Quizplus · Accepted Answer

The Answer of Among the assets included in Taylor's gross estate are the following.
 
 Three months after Taylor's death in 2013, her executor sells the Rail stock for $830,000. 
a. What is the amount of Taylor's gross estate if date of death value is used?
b. What is the amount of Taylor's gross estate if the alternate valuation date is elected?
c. Suppose all of Taylor's assets pass to her surviving spouse. Does this have any impact on the choice of valuation date? Explain.

Among the Assets Included in Taylor's Gross Estate Are the Following