please solve it in 10 mins I will thumb you up

Question 7 (3 points) Select the statement about the look-back rule below that is FALSE: 3 points S Ol. The taxpayer must begin its look-back period in year t-5 (so if the curent year (year t) i 2020, it muststar by beking back to 2015). Oll. The look-back reduces the total amount of gain or income the taxpayer must recognize related to the disposition of Secr 1231 assets for the year. Oll. The look-back rule requires that the taxpayer consider prior net Sec. 1231 unrecaptured losses when determining the character of a current year net Sec. 1231 gain. O N. When going through the steps to determine the character of the gain or loss on the sale of a Sec. 1231 set the bod back rule is applied after rather than before depreciation recapture. Fond Prion ay