An Estate Can Pick Its Own Valuation Date. Here’s the Six-Month Do-Over That Cuts the Tax Bill When Markets Fall
· finance.yahoo.com
Most executors default to date-of-death values without realizing federal law hands them a second chance to reprice the entire estate. That overlooked election carries a catch that can cost heirs more than it saves.
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Executors can elect to value estate assets six months after death under IRC Section 2032, slashing the federal estate tax bill when markets drop.
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