Which of the following statements is false? Real estate is NOT dealer property i

Question

Which of the following statements is false?

Real estate is NOT dealer property if the taxpayer's sales purpose is substantial but not dominant.

Since the taxpayer's intent to rent the property rather than sell it is a material factor in determining whether the real estate is dealer property, the taxpayer can avoid dealer property treatment by renting the property a short period of time prior to its sale.

The Courts have considered the volume of sales in relation to the taxpayer's other sources of income in deciding whether the taxpayer's property is dealer property.

ALL of the above statements are true.

Real estate is NOT dealer property if the taxpayer's sales purpose is substantial but not dominant.

Since the taxpayer's intent to rent the property rather than sell it is a material factor in determining whether the real estate is dealer property, the taxpayer can avoid dealer property treatment by renting the property a short period of time prior to its sale.

The Courts have considered the volume of sales in relation to the taxpayer's other sources of income in deciding whether the taxpayer's property is dealer property.

ALL of the above statements are true.

Explanation / Answer

option B is false so answer should be B and D both

because ,Since the taxpayer's intent to rent the property rather than sell it is a material factor in determining whether the real estate is dealer property, the taxpayer can avoid dealer property treatment by renting the property a short period of time prior to its sale.

it is happen only some condition is apply if condtion are failed the it is false statement

1.the community of sales or sales related activity over a period of time

2.the number of frequency sales.

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