Identify Which of the Following Statements Is True

Identify which of the following statements is true.

A) The basis for property distributed by a partnership cannot be increased above the carryover basis amount when it is received by a partner in a nonliquidating distribution.
B) The length of time a partner owns a partnership interest is relevant when determining the holding period for distributed property.
C) A partner's partnership capital account balance cannot be less than zero.
D) All of the above are false.