What impact would this event have on the valuation

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Reference no: EM133472353

Question: A owned a two-year old automobile with a "Blue Book" wholesale value (the amount a used car dealer would pay for the vehicle) of $14,000 and a retail value (the amount it would cost to buy a comparable vehicle) of $16,000. The personal representative sold the automobile a few weeks after A's death to a dealer for $13,600, to liquidate the estate. What impact would this event have on the valuation of the vehicle? See Treas. Reg. § 20.2053-3(d)(2).

Reference no: EM133472353

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