Carryover Basis and GST

If an executor makes the decision to have the carryover basis rules apply to the estate of someone who died in 2010, can the estate also take advantage of the favorable TRA rules on the generation skipping transfer (GST) tax? At first some tax experts were not clear, but it now seems that executors can have their carryover basis cake, and eat their GST exemption too. Form 8939 provides for this.