Statements is false regarding a bargain sale

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Reference no: EM131498747

Which of the following statements is false regarding a bargain sale?

A. The difference between the fair market value of the asset and the consideration received in exchange for the asset is considered a gift.

B. The gift portion of a bargain sale will qualify for the annual exclusion.

C. A bargain sale is generally inappropriate if the buyer of the property is a family member.

D. If the property is sold by the seller for more than the seller’s basis in the property, a taxable gain will result.

Reference no: EM131498747

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