If the Alternate Valuation Date Is Elected by the Executor

question 90

True/False

If the alternate valuation date is elected by the executor in 2018, the total basis of inherited property will be more than what it would have been if the primary valuation date and amount had been used.

---

Definitions:

Bipolar Cells

Bipolar cells are a type of neuron found in the retina, acting as a middle layer that relays signals from photoreceptors to ganglion cells.

Cones

Photoreceptor cells in the retina of the eye responsible for color vision under bright light conditions.

Bipolar Cells

Cells in the retina that act as a relay between photoreceptors and ganglion cells, transferring visual information.

Ganglion Cells

Neurons located in the retina that receive visual information from photoreceptors via bipolar cells and transmit it to the brain through the optic nerve.