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Estate Tax Question

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noname87

Member
What is the name of your state?What is the name of your state?NJ

I am the executor of a taxable estate. The estate had several treasury bills which matured 4 months after the date of death of my mother. I have elected to use the alternate evaluation date. What is the correct (for federal estate taxes - form 709) evaluation of these treasure bills? Is it a) the value at the date of death or b)the face value.

For municipal bonds, I was told that the alternate evaluation is the value at the six month date or if sold the then the sale price (less the accrued interest) plus the accrued interest up to the date of death. Since the treasure matured, any increase in the value of the treasure since death is pure interest. So way isn't it treated like a municipal bond. I realize it is a lot to ask for the tax code to make sense. I just wished that I sold the bonds instead of allowing them to mature four months later.
 



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