Question: When Ben died, his executor elected the alternate valuation date. What value is included in the gross estate for each of the following properties? a.

When Ben died, his executor elected the alternate valuation date. What value is included in the gross estate for each of the following properties?
a. Marketable securities valued at $80,000 at date of death, valued at $89,000 six months after death, and sold for $92,000 by the estate 10 months after death.
b. Investment land valued at $100,000 at date of death, valued at $102,000 when it was distributed to a beneficiary four monthslater and valued at $110,000 six months after death.

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