Question #16 of 85 Question ID: 1251767 In a transaction involving the transfer of corporate and partnership interests in which the special valuation rules under IRC Chapter 14 apply, which one of the following statements is CORRECT? A) The interest retained by the transferor must be valued at zero if this retained interest is a qualified interest. B) The interest retained by the transferor must be valued at zero if this retained interest is not a qualified interest. C) The interest given to the transferee must be valued at zero if the transferee is given a qualified interest. OD) The interest given to the transferee/recipient must be valued at zero if the transferee is not given a qualified interest. Question #16 of 85 Question ID: 1251767 In a transaction involving the transfer of corporate and partnership interests in which the special valuation rules under IRC Chapter 14 apply, which one of the following statements is CORRECT? A) The interest retained by the transferor must be valued at zero if this retained interest is a qualified interest. B) The interest retained by the transferor must be valued at zero if this retained interest is not a qualified interest. C) The interest given to the transferee must be valued at zero if the transferee is given a qualified interest. OD) The interest given to the transferee/recipient must be valued at zero if the transferee is not given a qualified interest