Father own 40% of Farily Corporation (FC.) Sonouns 30% of FC and Daughter owns 30 % of FC (Father's 2 children are Son and Daughter) Father wants to retire and have Son and Daughter each own 50% offSon and Daughter do not have enough money to buy Father's shares Father insists that the results of the transaction generate a capital gain for him rather than Gvidend income (Father has a high basis in FC share you suggt at the FC reddem all of Father's shares of FC Which of the following statements is correct? The redemption of all of Father's shares will result in capital gain treatment because wil qually as a complete termination of interest as long as the family attribution rules are waived. However, to wave the family tribution des Father may not be the Chairman of the Board of President of FC OB. Faiter becomes Chaimman of the lowd and President of Fate the redemption. Capital gain atrient will be avaiatief the family trutiones are waived Oc. The redemption of all of Father's shares will sin capital gain event because it qual as a substantial disproportionate redemption OD. Because a redemption is the sale of shares to a Corporation. It will always result in a capital gain