alternate valuation date


alternate valuation date
Property passing from a person by death may be valued for estate tax purposes as of the date of death or the alternate valuation date. The alternate valuation date is six months from the date of death or the date the property is disposed of by the estate, whichever comes first. The use of the alternate valuation date requires an affirmative election on the part of the executor or administrator of the estate. I.R.C. No.No. 1014(a), 2032

Black's law dictionary. . 1990.

Look at other dictionaries:

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