DC
Returning Member

Can a Trust use the Alternate Valuation Date when selling property?

The value of my mother's house increased during the six months after her death.  Her trust has sold the house, to distribute proceeds to the beneficiary.  I am trying to minimize the capital gains tax that the trust will owe.  Can I use the 6th months valuation for the higher FM?  Also, I sold the house Sept 21.  She passed away on Feb 5.  Basically, I sold it 7-1/2 months after her death.  Is that close enough to warrant the FMV being the selling cost?