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As sole heir, Aramis receives all of Burcet's property (adjusted basis of $2,800,000 and fair...

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Accounting

As sole heir, Aramis receives all of Burcet's property (adjusted basis of $2,800,000 and fair market value of $4,120,000). Six months after Burcet's death in 2020, the fair market value is $4,200,250.

Assume, instead, that the fair market value six months after Burcet's death is $4,000,500. Can the executor of Burcet's estate elect the alternate valuation date and amount?

No

Aramis's basis for the property is $

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