Business, 18.10.2019 20:00 mrsburrus

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.

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