I live in Florida. I need to know the fair market value of my deceased mom's house. Which do I use to determine the market value, date of death or alternate valuation?

Md Ariful Islam

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Dr. Md Rushad Rahman

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It can be valued at the date of alternate valuation if it reduces the estate's tax liability. If valued at the alternate valuation date then all properties disposed of between the date of death and the alternate valuation date are valued as of the date of disposition. http://www.investopedia.com/exam-guide/cfp/postmortem-estate-planning/cfp2.asp?lgl=myfinance-layout-no-ads

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