Among the assets included in Olivers gross estate are the following.

FMV

Six Months After

	Date of Death	Date of Death
Stock in Green Corporation	$7,000,000	$6,800,000
Stock in Arrow Corporation	800,000	850,000
Queen Building	900,000	890,000

Three months after Olivers death in 2019, his executor sells the Arrow stock for $830,000.

1. What is the amount of Olivers gross estate if date of death value is used?

2. What is the amount of Olivers gross estate if the alternate valuation date is elected?

3. Suppose all of Olivers assets pass to his surviving spouse. Does this have any impact on the

choice of valuation date? Explain your answer.