b$.$Select either "Yes" or $"$No$"$ to identify the tax consequences of a redemption to pay death taxes for the shareholder and the corporation.

$1.$The property's holding period ends on the date of the redemption.

YesNoNo

$2.$A redemption to pay death taxes is treated as a sale or exchange of the stock for the estate.

YesNoYes

$3.$Generally there is no gain $($or loss$)$ recognized by the estate in a $303$ redemption.

YesNoYes

$4.$The distributing corporation recognizes gain $($but not loss$)$ on any distribution of property pursuant to a redemption to pay death taxes.

YesNo

$5.$The corporation's E & P is reduced by an amount not in excess of the ratable share of the E & P attributable to the stock redeemed.

YesNo

$6.$If property is received in the redemption, the estate's basis in the property is its fair market value on the date of the redemption.