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Chung is his mothers sole heir and is the designated executor of her estate. Althought the alternate valuation date would yield a smaller gross estate
Chung is his mothers sole heir and is the designated executor of her estate. Althought the alternate valuation date would yield a smaller gross estate and less estate tax liability, the election is not made. Instead, chung files a form 706 for his mothers estate using higher date of death values. why?
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