Considering the three options, indicate whether the following statements are "True" or "False".

a$.$If the taxpayer transfers the antique to his daughter, the daughter would hold the antique as an investment.

TrueFalse

b$.$If the taxpayer is a dealer in antiques, the antique is inventory and, therefore, an ordinary asset.

TrueFalse

c$.$If the taxpayer exchanges the antique, the like$-$kind exchange rules apply and a nontaxable disposition of the antique has occurred.