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 exclusion of realized gain on a § 121 sale of residence is mandatory (i.e. ,cannot be recognized) .
D) Only a.and b.are correct.
E) a. ,b. ,and c.are correct.