Question
Zack died on November 15th. The assets in his estate were valued at the date of death and on the alternate valuation date, respectively, as
Zack died on November 15th. The assets in his estate were valued at the date of death and on the alternate valuation date, respectively, as follows:
Asset: Home. Date of Death Value: $500,000. Alternate Valuation Date Value: $550,000.
Asset: Investments. Date of Death Value: $1,000,000. Alternate Valuation Date Value: $800,000.
Asset: IRAs. Date of Death Value: $600,000. Alternate Valuation Date Value: $650,000.
Asset: Copyrights. Date of Death Value: $400,000. Alternate Valuation Date Value: $300,000.
The executor sold the home on December 15th for $525,000. If Zacks executor properly elects the alternate valuation date method, what is the value of Zacks gross estate?
A. $2,500,000.
B. $2,250,000.
C. $2,375,000
D. $2,225,000
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