Indicate whether the following statements are "True" or "False" regarding property dispositions.

a$.$Only sales of property are considered dispositions for tax purposes.

TrueFalse

b$.$The amount realized from a sale or other disposition of property is the sum of any money received plus the fair market value of other property received.

TrueFalse

c$.$The fair market value of property received in a sale or other disposition has been defined by the courts as the price at which property will change hands between a willing seller and a willing buyer when neither is compelled to sell or buy.

TrueFalse

d$.$Capital additions decrease and recoveries of capital increase the original basis so that on the date of disposition, the adjusted basis reflects the unrecovered cost or other basis of the property.

TrueFalse

e$.$The amount realized also includes any liability on the property disposed of$,$ such as a mortgage debt, if the buyer assumes the mortgage or the property is sold subject to the mortgage.

TrueFalse