Identify Which of the Following Statements Is True

Multiple Choice

Identify which of the following statements is true.

A) Section 179 property must be expensed ratably over a five-year period when computing E&P.
B) Losses on property sales to related parties are not deductible when computing E&P.
C) Distributions made out of accumulated E&P are allocated ratably between multiple distributions made during the tax year.
D) All of the above are false.