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.

Question

Quizplus · Accepted Answer

A realized gain that is never recognized does not result in the temporary recovery of more than the taxpayer's cost or other basis for tax purposes because the gain is not included in the taxpayer's taxable income.

Which of the Following Statements Is False