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Author: DivPlanner 10+ Year Anniversary! Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121585  
Subject: Re: Stepped up Cost Basis on Death Date: 1/8/2002 4:29 PM
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The average needs to be weighted to sjow that you are one day from Monday but two from Saturday.


Tax Facts:

"If there were no sales on the valuation date but there were sales on dates within a reasonable period both before and after the valuation date, the fair market value is determined by taking a weighted average of the means between the highest and lowest sales on the nearest date before and the nearest date after the valuation date. The average is to be weighted inversely by the respective numbers of trading days between the selling dates and the valuation date. If the stocks or bonds are listed on more than one exchange, the records of the exchange where the stocks or bonds are principally dealt in should be employed if such records are available in a generally available listing or publication of general circulation. In the event that such records are not so available and such stocks or bonds are listed on a composite listing of combined exchanges in a generally available listing or publication of general circulation, the records of such combined exchanges should be employed. Regs. §§20.2031-2(a), 20.2031-2(b)(1), 25.2512-2(a), 25.2512-2(b)(1"

Hope this helps!

Stephanie
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