Which of the following statements is correct with respect to § 1044 (rollover of publicly traded securities gain into specialized small business investment companies)?
A)Section 1044 provides for permanent exclusion of gain.
B)To qualify under § 1044,the proceeds must be reinvested within one year of the sale.
C)The amount realized must be reinvested in the common stock or partnership interest of a specialized small business investment company.
D)Only b.and c.are correct.
E)None of the above.

Question

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The Answer of Which of the following statements is correct with respect to § 1044 (rollover of publicly traded securities gain into specialized small business investment companies)?
A)Section 1044 provides for permanent exclusion of gain.
B)To qualify under § 1044,the proceeds must be reinvested within one year of the sale.
C)The amount realized must be reinvested in the common stock or partnership interest of a specialized small business investment company.
D)Only b.and c.are correct.
E)None of the above.

Which of the Following Statements Is Correct with Respect to §