Kermit Ames died on January 15, 2019. The fair market value of his house was $150,000 on
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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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