Which of the following statements describe situations potentially subject to the special valuation rules under IRC Chapter 14?

1. transfers of publicly traded securities
2. transfers of term interests in trust
3. restrictions upon the right to acquire, use, or sell property at less than fair market value
4. lapses of voting or liquidation rights in business entities

A)

III and IV

B)

I and II

C)

I and III

D)

II, III, and IV