Sentences with phrase «alternate valuation date»

When the investor passes away his or her heirs will receive a step - up in cost basis equal to the fair market value of the property as of the date of his or her death, or the heirs can elect an alternate valuation date six months after the date of his or her death.

Wife filed a motion for an alternate valuation date for the stock payments husband received after the parties separated.

The trial court did not err in refusing to use an alternate valuation date for the sale of the company stock, as husband used the proceeds to pay taxes and marital debt, with each spouse receiving half of the remaining net proceeds.

If the executor of the estate chooses to value assets using the alternate valuation date for estate tax purposes, the value on that date becomes your basis in the inherited stock.)

Using this exception, called the alternate valuation date, may make sense if the value of the estate's assets has fallen during the six months following the owner's death.

Also, write «Alternate Valuation Date Elected» across the top of Form 706ME.