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If the Alternate Valuation Date Is Elected by the Executor

question 65

True/False

If the alternate valuation date is elected by the executor in 2012, 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.

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Definitions:

Particular

Specific or distinct from others.

Non-categorical

Not belonging to a particular category, class, or type; cannot be easily categorized.

Proposition

In philosophy and logic, a conveyance of meaning or intention within a declarative sentence that can be evaluated as true or false.

Traditional Square of Opposition

A diagram representing the relationships between four types of categorical propositions (A, E, I, O) and demonstrating how they contradict, contravene, or complement one another.

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