TaxGuided
United States IRC sections

Statute section

IRC section 2031

Definition of gross estate

Country

United States

Section

2031

Updated

2026-05-20

Operative text

Section 2031(a) defines the gross estate for federal estate tax purposes as the value of all property owned by the decedent at death. Section 2031(b) provides special rules for valuing stock and securities, and the regulations under Section 20.2031-1 give the general fair-market-value standard.

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Primary sources

Important disclaimer

This library is for general tax education only. Always verify filing obligations, due dates, and tax consequences against the cited primary source or with a qualified tax professional.