Redemption to Pay Death Taxes. John, who is unmarried, died on March 3, 2022. His gross estate of $16.5 million includes 100% of Close Corporations 400 shares of out-standing stock worth $10 million or $25,000 per share ($10,000,000/400). This FMV amount also is the estates basis in the stock (see Chapter C:13). Deductible funeral and administrative expenses total $500,000. Estate taxes amount to $1.72 million. a. Does a redemption of Close Corporation stock from Johns estate qualify for sale treatment under Sec. 302 or Sec. 303? b. On September 10, 2022, Close Corporation redeems 100 shares of its stock from Johns estate for $3 million or $30,000 per share ($3,000,000/100). How does the estate treat this redemption for tax purposes?