The alternate valuation date amount cannot be elected if the property in the estate appreciates in value during the six-month period after death.

Question

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The alternate valuation date allows for the valuation of the estate property to be based on its fair market value six months after the date of death, rather than the date of death itself. However, if the value of the property increases during that six-month period, the alternate valuation date cannot be elected.

The Alternate Valuation Date Amount Cannot Be Elected If the Property