Which of the Following Statements Is Correct with Respect to §

Multiple Choice

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.