Identify which of the following statements is true.
A) A trust can own S corporation stock and have a C corporation as a beneficiary as long as the corporation is the sole beneficiary.
B) A QSST is an arrangement whereby the stock owned by a number of shareholders is placed under trust control for purposes of exercising the stock voting rights.
C) A testamentary trust can be converted into a QSST trust.
D) All of the above are false.
Correct Answer:
Verified
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