4. Which of the following is not a qualified s-corporation shareholder? a. An individual b. A Qualified s corporation trust c. A grantor trust d. A corporation 5. When a partner dies, the tax year closes: a. with respect to the partnership since the partnership dies with the partner. b. for good and there is a technical termination of the partnership. c. with respect to the partner. d. only if an election is made on Form 1041. 6. A Section 754 election is made by: a. The partnership upon certain transfers of a partnership interest b. The partner, if the value of assets inside the partnership have increased. c. The partnership upon certain transfers of partnership interests and distributions of partnership assets to partners. d. By the IRS upon audit if the IRS feels that there has been an abusive transaction