Catherine Posted March 8, 2022 Report Share Posted March 8, 2022 When a decedent dies on a weekend, we are supposed to use an average of the valuation of the day before, and the next market day open. Anyone know of any special rules if it happens to be a major holiday weekend where the markets are closed for several extra days? Quote Link to comment Share on other sites More sharing options...
jklcpa Posted March 8, 2022 Report Share Posted March 8, 2022 Use the next day the market is open as part of the calculation. see § 20.2031-2(b)(1) where it says "within a reasonable time" 3 Quote Link to comment Share on other sites More sharing options...
Catherine Posted March 8, 2022 Author Report Share Posted March 8, 2022 Thanks, Judy @jklcpa. It's what I figured - but of course this was a DOD over a Christmas holiday weekend and markets were closed day for like four days straight. And there was a huge jump in stock price on the stock that was sold by the executor, too. Got to over-thinking it and needed a hand-hold to extricate myself. 2 Quote Link to comment Share on other sites More sharing options...
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