Which Statement Is Correct Concerning the Rules Governing the Application

question 96

Multiple Choice

Which statement is correct concerning the rules governing the application of § 2032A ("special use" valuation) ?

• A) The qualifying property subject to the election must include only real property.
• B) The qualifying heir of the property need not be a family member of the decedent.
• C) The election is available to the qualifying heir even if the decedent merely held the farm as an investment.
• D) In the event of recapture, the additional estate taxes are imposed on the qualifyng heir.
• E) No correct answer is given above.

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