Trusts That Can Own S Corporation Stock Include All of the Following

question 25

Multiple Choice

Trusts that can own S corporation stock include all of the following except

• A)charitable remainder unitrusts.
• B)QSSTs.
• C)grantor trusts.
• D)testamentary trusts.

---

Definitions:

Reconstruction Legacy

Refers to the long-term effects and outcomes of the Reconstruction era, a period following the Civil War focused on rebuilding the United States and integrating formerly enslaved people into society.

African-American Colleges

Institutions of higher learning established before the Civil Rights Movement primarily for the education of African-Americans, although their missions have broadened over time.

Plantations

Large estates, especially in the American South, where crops like cotton, tobacco, and sugar were grown, often through the labor of enslaved African Americans before the Civil War.

Southern African-Americans

A demographic group primarily residing in the Southern United States, historically subjected to slavery, segregation, and discrimination.