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Which statement(s) regarding Section 6166 is correct? 1. 6166 provides for a 2% loan. 2. The first 4 years following the 6166 election requires interest

Which statement(s) regarding Section 6166 is correct?

1. 6166 provides for a 2% loan.

2. The first 4 years following the 6166 election requires interest only and no principal repayment.

a. 1 only.

b. 2 only.

c. Both 1 and 2.

d. Neither 1 nor 2.

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