Which Statement Is Correct Concerning the Rules Governing the Application

Which statement is correct concerning the rules governing the application of § 2032A ("special use" valuation) ?

A) The qualifying property subject to the election includes only real property.
B) The qualifying heir of the property need not be a family member of the decedent.
C) The election is available to the qualifying heir even if the decedent merely held the farm as an investment.
D) In the event of recapture,the additional estate taxes are imposed on the executor of the estate.
E) No correct answer is given above.

Correct Answer:

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