A decedent owned 15% of the voting stock of Falcon Corporation.Falcon has 43 shareholders.The decedent's estate can qualify for the § 6166 election.

Name: A decedent owned 15% of the voting stock of Falcon Corporation.Falcon has 43 shareholders.The decedent's estate can qualify for the § 6166 election.
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Question

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Either the percentage-of-ownership test or the number-of-shareholders test must be met,but not both.

A Decedent Owned 15% of the Voting Stock of Falcon