Hazel, a widow, died. She had made no previous lifetime taxable gifts and she died with a gross estate of $5,250,000, consisting solely of a diversified portfolio of publicly traded, income-producing stocks. Her debts were $75,000 and estate administrative expenses amounted to $50,000. Which of the following post-mortem techniques should Hazel’s executor consider electing?

The alternate valuation date.

Deduct estate administrative expenses on the estate’s fiduciary income tax return.

Pay estate taxes under IRC Section 6166.

Use a Section 303 stock redemption.