Question: Which statement(s) regarding IRC Section 6166 is correct? 1. IRC Section 6166 provides for a two percent loan. 2. The first four years following the

Which statement(s) regarding IRC Section 6166 is correct? 1. IRC Section 6166 provides for a two percent loan. 2. The first four years following the IRC Section 6166 election requires interest only and no principal repayment. Which statement(s) regarding IRC Section 6166 is correct? 1. IRC Section 6166 provides for a two percent loan. 2. The first four years following the IRC Section 6166 election requires interest only and no principal repayment. Neither 1 nor 2 2 only Both 1 and 2 1 only

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