Indicate whether the following statements are "True" or "False" regarding the exceptions in which a proportionate distribution may result in gain to the partner.

a$.$In a disguised sale, if the IRS determines that the payment is part of a "purchase" of the property, rather than a distribution from the partnership, the usual sale or exchange rules apply to the transaction.

TrueFalse

b$.$Taxable gains may arise on a distribution of property to a partner where precontribution loss exist. Specifically, if a partner contributes depreciated property to a partnership.

TrueFalse

c$.$Some or all of the value of marketable securities in excess of the partner's outside basis prior to the distribution is a taxable gain.

TrueFalse