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In each of the following independent situations, indicate whether the alternate valuation date can be elected. Explain why or why not. Value of Gross Estate
In each of the following independent situations, indicate whether the alternate valuation date can be elected. Explain why or why not.
| Value of Gross Estate | Estate Tax Liability | ||||||||||||
| Decedent | Date of Death | Six Months Later | Date of Death | Six Months Later | |||||||||
| Jayden | $6,000,000 | $5,900,000 | $240,000 | $239,000 | |||||||||
| Isabella | 6,100,000 | 6,000,000 | 265,000 | 260,000 | |||||||||
| Liam | 6,100,000 | 6,000,000 | 200,000 | 210,000 | |||||||||
| Lily |
| 6,500,000 |
|
| 6,400,000 |
|
|
| 205,000 |
|
| 204,000 | |
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