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 statutory ceilings on § 1044 treatment are the same for individual and corporate taxpayers.
D) Only b.and c.are correct.
E) None of the above.