Question $1$

$1pts$

Which of the following is not necessary to properly execute a Section $303$ stock redemption? $q,$ The $303$ redemption can only be used if the corporation has the cash to redeem the shares.

The value of the stock must be greater than $35\%$ of the decedent's adjusted gross estate, including gifts made in the last $3$ years.

The Section $303$ redemption is limited to an amount that cannot exceed the death taxes of the estate, plus funeral and administrative expenses for which the decedent is liable.

$$ The $303$ redemption can be made without a positive earnings and profits account.