Unsystematic risk can be eliminated through diversification

All of the following are essential legal documents used in estate planning except:

a. A side instruction letter. b. A will. c. A durable power of attorney for health care. d. An advance medical directive.

In a 1031 tax-deferred exchange which of the following is taxable?

A. only cash received is taxable B. only mortgage debt relief is taxable C. boot D. the amount of gain is taxable