alternate valuation date be elected?Value of Gross EstateEstate Tax ResultDate of AlternateDate ofAlternateDeathDateDeathDate
103. At the time of his death, Trent owned some common stock.Date of DeathValue Six Value Months LateAgua Corporation$1,500,000$1,100,000Orange Corporation1,300,0001,400,000The Aqua Corporation stock is sold by the executor of the estate seven months after Trent’s death for $1,300,000. If the alternate valuation date is properly elected, the value of Trent’s estate as to these stocksis: r
104. In which, if any, of the following independent situations has Jean made a gift?
105. In which, if any, of the following independent situations has Fred made a gift?