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The alternate valuation date: Group of answer choices Is optional if the fair market value of the estates assets has decreased. If elected, may be
The alternate valuation date:
Group of answer choices
Is optional if the fair market value of the estates assets has decreased.
If elected, may be revoked in an amended return provided that the first return was filed on time.
Can be elected only if it reduces the value of the gross estate and the estate tax liability.
Must be used for valuation of all of the estates assets (with no exceptions) if such date is selected.
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