3. Estate Tax Value

NoYes

Is Asset Basis Affected by Any of These Post-Death Events?

  • Depreciation
  • Amortization
  • Sale, Exchange, or Other Disposition
  • 643(e)(3) Election to Recognize Gain/Loss on Distribution to Benys
NoYes

Did Estate Elect Alt Val?

Report DOD Value

Report ALT Value

Use Adjusted Basis as Estate Tax Value

Show basis adjustment separately from final value shown in Estate Tax Value Column E