Each of the Following Is True Except For

Each of the following is true except for:

A) An indirect involuntary conversion occurs when property is destroyed and insurance proceeds are used to purchase qualified replacement property.
B) Qualified replacement property rules are more restrictive than the like-kind property rules.
C) Losses realized in involuntary conversions are deferred.
D) A direct involuntary conversion occurs when property taken under imminent domain is replaced with other property.
E) All of the choices are true.