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    Business
  3. Study Set
    Federal Taxation
  4. Exam
    Exam 14: Property Transactions: Determination of Gain or Loss and Basis Considerations
  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 141

Question 141

True/False

If the alternate valuation date is elected by the executor in 2017, 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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