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Baxter died this with an adjusted gross estate of $2,000,000, consisting primarily of stock in his family owned corporation. A redemption of the estate's stock
Baxter died this with an adjusted gross estate of $2,000,000, consisting primarily of stock in his family owned corporation. A redemption of the estate's stock will quailify for redemption treatment under Section 303 if Baxter's interest in the corporation is at least what percentage of his adjusted gross estate? A. 20% B. 25% C. 30% D. 35%. please explain answer.
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