Certified Financial Consultant (CFC)

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An Employee Stock Ownership Plan (ESOP) allows a business owner to sell shares to the ESOP and, if certain conditions are met under Section 1042, defer capital gains by:

Reinvesting proceeds into a Roth IRA Reinvesting into qualifying replacement property (QRP) like stocks and bonds Donating shares to a charitable foundation Converting to an S corporation simultaneously

Correct Answer:

Reinvesting into qualifying replacement property (QRP) like stocks and bonds

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