A constructive sale is a transaction in which the owner of an appreciated security enters into one of which of the following transactions?

Question 19 options:

	A short sale of the same or substantially identical property.
	A futures or forward contract to deliver the same or substantially identical property.
	An offsetting notional principal contract with respect to the same or substantially identical property.
	all of these are constructive sales.
	none of these would be considered a constructive sale.