Which of the following is TRUE about the alternate valuation date? The alternate valuation date:

Is the date nine months after the passing of the decedent.

Must be used if the value of the estate on that date is less than on the date of passing.

May be used if the value of the estate on that date is less than on the date of passing.

May be used if the value of the estate on that date is more than on the date of passing