Question: At the time of her death June had an adjusted

At the time of her death, June had an adjusted gross estate of $6 million.
Included in the estate were the following business interests.
Fair Market Value
A 30% capital interest in the JZ Partnership ..............$700,000
A 25% interest (i.e., 250 shares out of 1,000) in Silver Corporation ..... 500,000
A catering service operated as a sole proprietorship ........... 950,000
The JZ Partnership has 32 partners, while Silver Corporation has a total of 30 shareholders. None of the other partners or shareholders are related to June. Can June’s estate qualify for an election under § 6166? Explain.

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  • CreatedSeptember 09, 2015
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