WebValuation date refers to the date on which the value of an asset or property is determined. In tax law, there is a specific alternate valuation date that is used in certain circumstances. WebThe executor used the Alternate Valuation Date, and six months later, due to market movements, the stock was worth $28. His heir, Julie, will inherit this asset and receive a step-up in the cost basis of it to $28, the value declared by the estate. Now, let’s assume …

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WebThis problem has been solved! You'll get a detailed solution from a subject matter expert that helps you learn core concepts. See Answer. Question: 43. The alternate valuation date: A. Applies for Federal estate tax purposes. B. Applies … WebAlternate valuation is an estate tax concept. Normally, you would value the assets in an estate as of the date of death. The tax is then assessed on the net estate as of that date. … red color ark

Sec. 2032. Alternate Valuation

WebJun 1, 2016 · An appraisal for purposes of determining the date - of - death fair market value (FMV) of Evelyn's property valued her DPI nonvoting and voting shares at $14,182,471. The appraisal valued the voting stock at $1,824 per share with no applicable discount. The nonvoting stock was valued at $1,733 per share, including a 5% discount to reflect the ... WebOct 26, 2024 · The alternate valuation date election can save estate tax, but there is one potential drawback: The election must be made for the entire estate. In other words, the executor cannot cherry-pick stocks to be valued six months after the date of death and retain the original valuation date for other stocks or assets. WebFor estate tax purposes, property may be valued as of the date of death, or the executor may affir-atively choose to value it as of the alternate valuation date, which may be either six … knightcraft