All of the Following Guidelines Regarding Stock Attribution as It

All of the following guidelines regarding stock attribution as it relates to the personal holding company ownership test are true except:

A) Stock options held by the taxpayer, but not yet exercised, are not considered owned by the taxpayer.
B) Convertible securities are considered outstanding stock.
C) Stock attributed from a partner to the taxpayer cannot be reattributed to another partner.
D) Stock attributed from one family member to another cannot be reattributed to yet another family member.
E) Stock owned by an estate is considered as proportionately owned by the beneficiaries.