Identify Which of the Following Statements Is True

question 23

Multiple Choice

Identify which of the following statements is true.

• A)Only stock included in the decedent's gross estate can be redeemed under the Sec. 303 provisions.
• B)If the stock redemption proceeds are used to pay either the estate's funeral and administrative expenses or death taxes, the redemption can qualify for capital gains treatment under Sec. 303.
• C)Usually, a stock redemption qualifying under Sec. 303 as a redemption to pay death taxes will result in little or no gain to the redeeming shareholder.
• D)All of the above are true.