Jason is unhappy with the performance of his mutual fund. He sells his shares in the current fund and repurchases shares in a similar fund with the same firm. This transaction

Question 1 options:

	A. may not be a taxable event if the managers of the two funds are different.
	B. is not a taxable event since the funds are with the same company. NOT CORRECT
	C. is not a taxable event since the two funds are similar.
	D. is a taxable event.
	E. may not be a taxable event if the shares have been held for more than one year. NOT CORRECT

Pls help. The answer is either A,C, or D. Just not sure which one. Thank you