All of the following are deferral provisions except:
A)Sale of a personal residence
B)Like-kind exchange
C)Exchange of a life insurance contract for an annuity contract
D)Property transfers pursuant to divorce proceedings
E)All are deferral provisions

Question

Quizplus · Accepted Answer

The sale of a personal residence may qualify for exclusion of gain up to $250,000 for single filers or up to $500,000 for married couples filing jointly, but it does not involve deferral of gain. B, C, and D are all examples of deferral provisions.

All of the Following Are Deferral Provisions Except