Question
There are additional tax advantages, beyond the mismatch of income and deduction, for the establishment of an ESOP. One of these is non-recognition of gain
There are additional tax advantages, beyond the mismatch of income and deduction, for the establishment of an ESOP. One of these is non-recognition of gain treatment. To obtain non-recognition of gain treatment, the qualified replacement property must be purchased. Which of the following investments would qualify as qualified replacement securities?
a. DIA - The Dow Jones Industrial Average ETF Trust.
b. Porsche Automobile Holding ADR.
c. UPS (United Parcel Service) Debentures
d. Louisiana general obligation bonds.
Explain each answer
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
