Elaine died on May 1, 2022. Her gross estate consisted of the following items:

Elaine’s Sec. 2053 deductions totaled $200,000. She had no other deductions.
a. What percentage of Elaine’s federal estate taxes can be paid in installments under Sec. 6166? When is the first installment payment due?
b. Could Elaine’s estate elect Sec. 6166 treatment if the stocks were valued at $10.2 million instead of $4.2 million?

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Cash Stocks traded on a stock exchange Personal residence 25% capital interest in a 60-person partnership $ 40,000 4,200,000 2,550,000 6,400,000