If the alternate valuation date is elected by the executor,the total basis of inherited property will be less than what it would have been if the primary valuation date and amount had been used.

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If the alternate valuation date is elected, the value of the inherited property for tax purposes is determined six months after the date of the decedent's death. This may result in a lower valuation compared to the value on the primary valuation date. As a result, the total basis of inherited property will be less if the alternate valuation date is used.

If the Alternate Valuation Date Is Elected by the Executor,the