How many shares of flower corp is maria deemed to own

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Question - Maria owns 10 shares of Flower Corp. Her husband, Jake, owns 10 shares in Flower Corp. Maria and Jake own 100% of the shares of Rose Corp. Rose Corp does not own any shares of Flower Corp but has an option to purchase 100 shares of Flower Corp. Rose Corp is a 5% shareholder of Action Corp which owns 100 shares of Flower Corp. Rose Corp is also a 20% partner in Lilac LLC which owns 100 shares of Flower Corp. Under I.R.C. $ 318, how many shares of Flower Corp is Maria deemed to own?

Reference no: EM133180436

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