The Election of § 2032 (Alternate Valuation Date)for Estate Tax

The election of § 2032 (alternate valuation date) for estate tax purposes:

A) Increases the overall basis of all assets included in the decedent's estate.
B) Has no effect on the overall basis of the assets belonging to the surviving spouse's share of the community property.
C) Means that no assets will end up having a higher income tax basis than their date of death value.
D) Has no effect on income tax basis if the heirs chooses not to make the election.
E) None of the above.