Which of the Following Is an Incorrect Statement Regarding the Application

Multiple Choice

Which of the following is an incorrect statement regarding the application of the § 318 stock attribution rules?

A) Stock owned by a partner is deemed to be owned in full by a partnership.
B) Stock owned by a beneficiary is deemed to be owned in full by an estate.
C) An individual is deemed to own the shares owned by his or her spouse, children, grandchildren, or parents.
D) Stock owned by a corporation is deemed to be owned proportionately by any shareholder owning 50% or more of the corporation's stock.
E) None of the above.