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  2. Topic
    Business
  3. Study Set
    Individual Taxation
  4. Exam
    Exam 14: Property Transactions: Basis Determination and Recognition of Gain or Loss
  5. Question
    In Order for an Executor of an Estate to Elect
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In Order for an Executor of an Estate to Elect

Question 1

Question 1

True/False

In order for an executor of an estate to elect the alternate valuation date, an estate tax return must be filed and the alternate valuation must be less than the FMV as of the decedent's death.

Correct Answer:

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