What are the exact IRS rules for establishing the date of death valuation on an inherited commercial asset versus a residential rental house?
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The searches the AI actually ran for this prompt.
SEED QUERY
What are the exact IRS rules for establishing the date of death valuation on an inherited commercial asset versus a residential rental house?
6 real searches · 1 real-search pass
site:irs.gov estate tax fair market value date of death real estate alternate valuation date Form 706 instructionsGoogle ↗
OBSERVEDInstruction
26 CFR 20.2031-1 fair market value real property valuation date of deathGoogle ↗
OBSERVEDReason
26 USC 1014 basis property acquired from decedent 2032 alternate valuation dateGoogle ↗
OBSERVEDReason
IRS inherited property basis date of death fair market value alternate valuation date Form 706 instructions real estate appraisal Treasury Regulation 20.2031-1 20.2031-6Google ↗
OBSERVEDInstruction
IRS Publication 551 inherited property basis fair market value date of death real estateGoogle ↗
OBSERVEDReason
IRS estate tax real property valuation highest and best use commercial property rental property appraisal date of deathGoogle ↗
OBSERVEDComparison
Badge and edge weight = share of passes that produced the query. Hover a query for its intent and routing format.
Query classes
Google's semantic query class for every sub-query: what kind of answer each search is after, simulated vs real.
ChatGPT real searches (6)
Classes come from the query-classifier (a local Laya model). 6 of 6 calls are low-confidence (under 50%) — hover a query in the table to see its confidence.
Searches and sources
ChatGPT6 real searches · gpt-6
site:irs.gov estate tax fair market value date of death real estate alternate valuation date Form 706 instructions Google ↗
26 CFR 20.2031-1 fair market value real property valuation date of death Google ↗
26 USC 1014 basis property acquired from decedent 2032 alternate valuation date Google ↗
IRS inherited property basis date of death fair market value alternate valuation date Form 706 instructions real estate appraisal Treasury Regulation 20.2031-1 20.2031-6 Google ↗
IRS Publication 551 inherited property basis fair market value date of death real estate Google ↗
IRS estate tax real property valuation highest and best use commercial property rental property appraisal date of death Google ↗
- 26 CFR § 20.2031-1 - Definition of gross estate; valuation of property. | Electronic Code of Federal Regulations (e-CFR) | US Law · law.cornell.edu
- 26 U.S.C. § 1014: Basis of property acquired from a decedent · uscode.house.gov
- Publication 559 (2025), Survivors, Executors, and Administrators · irs.gov
- 4.48.6 Real Property Valuation Guidelines · irs.gov
- 4.25.5 Technical Guidelines for Estate and Gift Tax Issues · irs.gov
- Instructions for Form 706 (07/2026) · irs.gov
Semantic map
Every query placed by meaning (EmbeddingGemma 2, 256-d). Shaded regions are topics, nearby points are near-paraphrases, and a circle's size is how often the query came back.
Colour
SimulatedReal search
Hover a query to see its counterpart · zoom with Ctrl/⌘ + scroll, a pinch, double-click or +
Queries
6 queries · click a column to sort
| Query / type | Search | Intent | Query class | Routing format | Cluster | Freq ↓ | Weight |
|---|---|---|---|---|---|---|---|
site:irs.gov estate tax fair market value date of death real estate alternate valuation date Form 706 instructions OBSERVED | Google ↗ AI Mode ↗ | — | Instruction | — | — | 1x of 1 | |
26 CFR 20.2031-1 fair market value real property valuation date of death OBSERVED | Google ↗ AI Mode ↗ | — | Reason | — | — | 1x of 1 | |
26 USC 1014 basis property acquired from decedent 2032 alternate valuation date OBSERVED | Google ↗ AI Mode ↗ | — | Reason | — | — | 1x of 1 | |
IRS inherited property basis date of death fair market value alternate valuation date Form 706 instructions real estate appraisal Treasury Regulation 20.2031-1 20.2031-6 OBSERVED | Google ↗ AI Mode ↗ | — | Instruction | — | — | 1x of 1 | |
IRS Publication 551 inherited property basis fair market value date of death real estate OBSERVED | Google ↗ AI Mode ↗ | — | Reason | — | — | 1x of 1 | |
IRS estate tax real property valuation highest and best use commercial property rental property appraisal date of death OBSERVED | Google ↗ AI Mode ↗ | — | Comparison | — | — | 1x of 1 |