|
|
|
Member
Group: Forum Members
Last Login: 5/2/2008 9:33:35 AM
Posts: 1,
Visits: 5
|
|
| I need to report the values for an alternate valuation date on 6 treasury bills totalling approx $1.5 million. All of them will have matured during the 6 months from the date of death to the alternate date 6 months later. Most (but not all) have been rolled into new purchases at the maturity dates. For the date of death, I am reporting the discounted purchase price plus accrued interest as the value. What amounts should be reported for the alternate date: (1) Maturity value (face amount); (2) Maturity value plus additional accrued interest; or (3) same as date of death value? Please advise. Many thanks. Susan
|
|
|
|
|
Power Member
Group: Forum Members
Last Login: 3/12/2011 12:58:57 PM
Posts: 147,
Visits: 823
|
|
You should use the date of death values for your alternate valuation date. Assets whose value changes with the passage of time - CDs, EE bonds, etc are not revalued for alternate valuation purposes. Treasury bills are slightly different but I don't think that they differ enough for you to obtain a new value.
Mary Kay Foss
|
|
|
|