Identify Which of the Following Statements Is True

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.