In each of the following independent situations, indicate whether the alternate valuation date can be elected. Explain why or why not. Assume that all deaths occur in 2012.
|
Value of Gross Estate |
Estate Tax Liability |
|||
|
Decedent |
Date of |
Six Months |
Date of |
Six Months |
|
Jayden |
$6,000,000 |
$5,900,000 |
$240,000 |
$239,000 |
|
Isabella |
6,100,000 |
6,000,000 |
265,000 |
260,000 |
|
Liam |
6,100,000 |
6,000,000 |
200,000 |
210,000 |
|
Lily |
6,500,000 |
6,400,000 |
205,000 |
204,000 |