Estates that contain closely held businesses may elect certain postmortem tax treatments. Which of the following statements about these treatments is CORRECT?

The Section $6166$ installment payment of estate tax requires that the decedent's closely held business interests constitute at least $50\%$ of the decedent's adjusted gross estate.

If property that has received special use valuation tax treatment loses its status as qualified property within $10$ years of the decedent's death, a recapture tax is applied.

A Section $303$ stock redemption allows a partnership to make a distribution to redeem a portion of the stock of a decedent while avoiding dividend treatment on the amount paid for the stock.

The estate of a deceased owner of a closely held business that leases all of its property cannot qualify for special use valuation.

A$)$

II and IV

B$)$

I and IV

C$)$

I, II$,$ and III

D$)$

III only