Redemptions under section 303 are designed to aid family estate planning. Identify which of the following statements is true.

Select one:

a.All the above are true.

b.Usually, a stock redemption qualifying under Sec. 303 as a redemption to pay death taxes will result in little or no gain to the redeeming shareholder.

c.Only stock included in the decedent's gross estate can be redeemed under the Sec. 303 provisions.

d.If the stock redemption proceeds are used to pay either the estate's funeral and administrative expenses or death taxes, the redemption can qualify for capital gains treatment under Sec. 303.