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If the Alternate Valuation Date Is Elected by the Executor

question 260

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If the alternate valuation date is elected by the executor of the estate, the basis of all of the property included in the decedent's estate becomes the fair market value 6 months after the decedent's death.


Definitions:

Carboxylic Acid

An organic compound containing a carboxyl group, characterized by the presence of at least one carbon atom double-bonded to an oxygen atom and also bonded to a hydroxyl group.

O-H Stretch

A specific stretching vibration in infrared spectroscopy that denotes the presence of an OH (hydroxyl) group in a molecule.

IR Spectrum

A graph demonstrating the infrared absorption and transmission of a substance, providing distinctive molecular fingerprints.

Carboxylic Acid

An organic acid characterized by the presence of a carboxyl group, with the formula R-COOH.

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