Trusts that can own S corporation stock include all of the following except
A)charitable remainder unitrusts.
B)QSSTs.
C)grantor trusts.
D)testamentary trusts.

Question

Quizplus · Accepted Answer

Charitable remainder unitrusts cannot own S corporation stock because they are designed to distribute income to charitable beneficiaries, which does not meet the requirement that S corporation stock must be owned by individuals or certain types of trusts.

Trusts That Can Own S Corporation Stock Include All of the Following