Indicate whether the following statements are "True" or "False" regarding nonrecognition of gain or loss in certain property transactions. a. The nonrecognition provisions for nontaxable exchanges apply to realized losses from the sale or exchange of personal use assets. b. In a nontaxable exchange, the recognition of gain or loss is postponed (deferred) until the property received in the nontaxable exchange is subsequently disposed of in a taxable transaction. c. In some nontaxable exchanges, only part of the property involved in the transaction qualifies for nonrecognition treatment. d. In a tax-free transaction, the nonrecognition is permanent