Little Corporation is a privately-held C corporation (Little Corporation stock is not sold on an exchange). The stock in Little Corporation is held by the following:

Helen 1000 shares

Hannah (Helen's sister) 1000 shares

Mila (Helen's daughter) 1000 shares

X Corp (Helen owns 60% of X corp stock) 1000 shares

P partnership (Helens has a 40% interest in the partnership) 1000 shares

This year, Helen redeems 500 shares of her Little Corporation stock and receives $50,000. Helen's basis in these 500 shares is $30,000. Helen's income from other sources puts her well into the 37% tax bracket.

Will Little Corporation's redemption of Helen's stock be treated as a qualified stock redemption? Be sure to show numerical calculations to support your answer.