Indicate whether the following statements are "True" or "False" regarding the tax issues related to dispositions of partnership interests.

a$.$In many cases, including most of those in which an existing partnership is incorporated and continues to operate, $351$ conditions are met. Consequently, the transfer of the partnership interest to the corporation is a nontaxable exchange.

TrueFalse

b$.$An exchange of one partnership interest for an interest in another partnership is treated as a like$-$kind exchange and therefore nontaxable.

TrueFalse

c$.$If the decedent's interest is liquidated under a buy$-$sell agreement that is in place, the rules of $736$ apply to the transfer.

TrueFalse

d$.$Generally$,$ the donor of a partnership interest recognizes a gain but not a loss.

TrueFalse