Assume the same facts as in Problem 38. What is the due date of the estate tax
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Assume the same facts as in Problem 38. What is the due date of the estate tax return?
Problem 38
Kermit Ames died on January 15, 2019. The fair market value of his house was $150,000 on his date of death. On July 15, 2019, the house was worth $130,000. Assume the alternate valuation date is selected by the executor. What value is used by the executor in the estate tax return?
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Related Book For
CCH Federal Taxation Basic Principles 2020
ISBN: 9780808051787
2020 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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