Identify the following provisions as deferral (D) or exclusion (E) provisions.
-Sale of qualifying small business stock
A)deferral(D)
B)exclusion(E)

Question

Quizplus · Accepted Answer

The sale of qualifying small business stock is considered an exclusion provision because a portion of the gain from such a sale can be excluded from taxable income under certain conditions, as specified in the Internal Revenue Code Section 1202.

Identify the Following Provisions as Deferral (D) or Exclusion (E)