All of the Following Are Deferral Provisions Except

question 1

Multiple Choice

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

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Definitions:

Expert Power

The ability to control another’s behavior because of the possession of knowledge, experience, or judgment that the other person does not have but needs.

Knowledge

The information, understanding, and skills that individuals acquire through experience or education.

Experience

The knowledge or skill acquired by direct observation, participation, or event occurrence over time.

Judgment

The ability to make considered decisions or come to sensible conclusions based on available information.