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Problem 52(want text answer with in 10 min) M. Wilson Waltman died on January 1, 2016. All of his property was conveyed to beneficiaries on
Problem 52(want text answer with in 10 min) M. Wilson Waltman died on January 1, 2016. All of his property was conveyed to beneficiaries on October 1, 2016. For federal estate tax purposes, the executor chose the alternate valuation date. On what date was the value of the property determined? select the right one with explanation a. January 1, 2016 b. July 1, 2016 c. October 1, 2016 d. December 31, 2016
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