Which of the following statements is false?
a. A realized gain that is never recognized results in the temporary recovery of more than the taxpayer's cost or other basis for tax purposes.
b. A realized gain on which recognition is postponed results in the temporary recovery of more than the taxpayer's cost or other basis for tax purposes.
c. A realized loss that is never recognized results in the permanent recovery of less than the taxpayer's cost or other basis for tax purposes.
d. A realized loss on which recognition is postponed results in the temporary recovery of less than the taxpayer's cost or other basis for tax purposes.
e. All of the above.
a
RATIONALE: A realized gain that is never recognized results in the permanent recovery of more than the taxpayer's cost or other basis for tax purposes.
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Answer the following statement true (T) or false (F)
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