LO.1 The gross estate of Bridgett, decedent, includes stock of Crane Corporation

(E & P of $1.3 million) and Eagle Corporation (E & P of $1 million) valued at $750,000 and $2 million, respectively. At the time of her death in 2012, Bridgett owned 26% of the Crane stock outstanding and 32% of the Eagle stock outstanding. Bridgett had a basis of $240,000 in the Crane stock and $165,000 in the Eagle stock. Bridgett’s adjusted gross estate is $7.5 million, and the death taxes and funeral and administration expenses total $750,000. What are the tax consequences to Bridgett’s estate if Crane Corporation redeems all of the Crane Corporation stock for $750,000?