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

question 8

Short Answer

Identify the following provisions as deferral (D) or exclusion (E) provisions.
_____ a. Wash sale
_____ b. Sale of personal residence
_____ c. Involuntary conversion
_____ d. Transfers to a partnership by a partner
_____ e. Sale of qualifying small business stock
_____ f. Loss on personal auto sale
_____ g. Like-kind exchange
_____ h. Corporate reorganization

---

Definitions:

Exchange Rates

The rate at which one currency can be exchanged for another currency in the foreign exchange market.

Loan Repayment

The process of paying back borrowed money, typically consisting of principal and interest components, over an agreed period.

Interest Rate

The amount charged by a lender to a borrower for the use of assets, expressed as a percentage of the principal.

Foreign Exchange Gain

A profit arising from fluctuations in the value of foreign currencies relative to one's home currency.