Question: Problem 3 8 questions x 3 points - 24 points Identify the following provisions as deferral (D) or exclusion (E) provisions a. Wash sale b.

Problem 3 8 questions x 3 points - 24 points Identify the following provisions as deferral (D) or exclusion (E) provisions a. Wash sale b. Sale of personal residence c. Involuntary conversion d. Transfers to a partnership by a partner e. Sale of qualifying small business stock f. Loss on personal auto sale Like-kind exchange h. Corporate reorganization Problem 4 - 3 questions x 3.67 points 11 points Jan 1-Luke purchased Starbucks: 1,000 shares at $30 per share Feb 1 - Luke sold Starbucks: 500 shares at $28 per share Apr 1 - Luke purchased Starbucks: 600 shares at $29 per share 1) What is Luke's realized loss on February 1? 2) What is Luke's recognized loss on February 1? 3) What is Luke's recognized loss on February 1 if Luke had repurchased the 600 shares not on April 1 but on February 28

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