Geo sells $2,000 of XYZ Corp. The sale is executed on July 15, 2022. Geo receives the $2,000 on August 1, 2022. Which of the following statements is false? 

a. Geo will have either a capital gain or loss on the transaction. 

b. The execution date is irrelevant to the date of the sale. 

c. July 15, 2022, is the date of sale. 

d. August 1, 2022, is the settlement date. 

e. The settlement date is irrelevant to the date of the sale.

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The detailed answer for the above question is provided below The false statement is e The settleme... View the full answer