Certified Financial Consultant (CFC) [cfc]

A CFC advises a business owner on a Section 1031 exchange. This provision allows deferral of capital gains tax when:

Selling appreciated stock and buying index funds Exchanging like-kind real property for other qualifying real property Converting a C corp to an S corp Selling a business and reinvesting in an IRA

Correct Answer:

Exchanging like-kind real property for other qualifying real property

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