Which of the Following Is Correct

Multiple Choice

Which of the following is correct?

A) The deferral of realized gain on a § 1031 like-kind exchange is mandatory.
B) The deferral of realized gain on a direct (into qualified property) § 1033 involuntary conversion is mandatory.
C) The taxpayer can elect to forgo the exclusion of realized gain on a § 121 sale of residence.
D) Only b.and c.are correct.
E) a., b., and c.are correct.