Stock value as of DOD

[Catherine]

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?

[jklcpa]

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"

[Catherine]

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.