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    Business
  3. Study Set
    Federal Taxation
  4. Exam
    Exam 13: Property Transactions: Determination of Gain or Loss, basis Considerations, and Nontaxabl
  5. Question
    If the Alternate Valuation Date Is Elected by the Executor
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If the Alternate Valuation Date Is Elected by the Executor

Question 115

Question 115

True/False

If the alternate valuation date is elected by the executor in 2015,the total basis of inherited property will be more than what it would have been if the primary valuation date and amount had been used.

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