Hedi and her daughter own all of the stock of C Corporation equally.This year Hedi died, leaving all of her stock to her daughter.Her gross estate was $700,000, consisting primarily of C stock.Funeral and administrative expenses were $20,000.Other claims against the estate were $60,000.A redemption of the estate's stock will qualify for exchange treatment, at least in part, if Hedi's interest in the corporation which is included in her estate is valued at not less than $238,001.

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The Answer of Hedi and her daughter own all of the stock of C Corporation equally.This year Hedi died, leaving all of her stock to her daughter.Her gross estate was $700,000, consisting primarily of C stock.Funeral and administrative expenses were $20,000.Other claims against the estate were $60,000.A redemption of the estate's stock will qualify for exchange treatment, at least in part, if Hedi's interest in the corporation which is included in her estate is valued at not less than $238,001.

Hedi and Her Daughter Own All of the Stock of C