A decedent owned 25% of the voting stock of Siskin Corporation.Siskin has 53 shareholders.The decedent's estate can still qualify for the § 6166 election.

Question

Quizplus · Accepted Answer

To qualify for the § 6166 election, the decedent must have owned at least 20% of the voting stock in the corporation. In this case, the decedent owned 25% of the voting stock, which meets the minimum threshold. The number of shareholders in the corporation is not relevant to the qualification for the § 6166 election.

A Decedent Owned 25% of the Voting Stock of Siskin