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John Elder
John Elder, Estate & Elder Law
Category: Estate Law
Satisfied Customers: 4631
Experience:  Over 14 years experience in Medicaid, Estates, Trust.
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My wife passed away in Dec 2012. I know I can use her date

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My wife passed away in Dec 2012. I know I can use her date of death for the basis of the inherited stock I received. Can I use another date?
Welcome! Thank you for your question.

Yes, it is possible to set an alternate valuation date for ALL estate assets. That date will set the value (and basis) for the stock and all other estate assets. This date can be 6 months after date of death.

Here is the instructions to form 706. Page 9 discusses the details of alternate valuation.

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John Elder and 3 other Estate Law Specialists are ready to help you
Customer: replied 3 years ago.

Is six months after the date of death the only date other than the actual date of death that can be used?

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