Redemptions under section 303 are designed to aid family estate planning Identify which of the following statements is true If a stock redemption is made by an estate following the decedent's death, the redemption may receive capital gains treatment only if the money is used to pay the death taxes. All of the choices re false. Attribution rules do not apply to qualified Sec. 303 stock redemptions The value of decedent's stock satisfies the Sec. 303 minimum if it is less than 35% of the decedent's gross estate. The tax code's partial liquidation rules are included with the redemption Identify which of the following statements is true. A partial liquidation of a corporation must be pro rata. To qualify as a partial liquidation, a distribution must result in a bona fide contraction of the corporate business at the corporate level. To have a bona fide partial liquidation, a firm must continue to conduct a qualified trade or business, which it had conducted for a period of more than three years prior to the redemption. All of the choices are false. Generally redemptions are designed to produce capital gains from "sale treatment." Which of the following statements is correct? O All of the choices are correct Stock ownership attributed to a corporation from one of its shareholders cannot be attributed to another of the corporation's shareholders under the Sec. 318 attribution rules. Under the attribution rules relating to stock redemptions, a person who has an option to purchase stock is considered to own the stock A stock redemption that qualifies as substantially disproportionate is a safe harbor for capital gain treatment