Alternative date.

• Jurisdiction: United States
• Date: 01 October 2000
• Author: Laffie, Lesli S.

The Tax Court has held that an executor's election to use the Sec. 2032(a) alternate valuation date must occur within one year of the due date (including extensions) of the Federal estate tax return. In Est. of Edward H. Eddy, 115 TC No. 10, the court made clear that an election to use the alternate valuation date, on an estate tax return filed more than 18 months after the filing deadline, was invalid. Thus, the estate was forced to use date-of-death (DOD) valuation.

The decedent died in...