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.
