Identify Which of the Following Is False

question 11

Multiple Choice

Identify which of the following is false.

• A)Corporations that sell real property at a gain must report an additional 20% of the entire gain as ordinary income.
• B)Corporations selling real property that previously had been depreciated using an accelerated method are subject to Sec. 291.
• C)Section 291 reduces the amount of net Sec. 1231 gains that can be offset by corporate capital losses.
• D)Section 291 recapture applies to Sec. 1250 property.

---

Definitions:

Social Media Messages

Posts, comments, or direct communications exchanged through social media platforms.

Writing Styles

The manner in which a writer chooses to express themselves through text, influenced by their choice of words, sentence structure, and tone.

Social Media

Online platforms that enable users to create content, share information, and participate in social networking.

Limited Control

A situation where an individual or organization has restricted influence or authority over outcomes or operations.