Question: Tax Drill - Section 1 2 5 3 Indicate whether the following statements are True or False regarding the tax treatment of franchises, trademarks, and

Tax Drill - Section 1253
Indicate whether the following statements are "True" or "False" regarding the tax treatment of franchises, trademarks, and trade names.
a. The franchisee capitalizes the parments and amortizes them over 15 years.
b. Section 1253 provides that a transfer of a franchise, trademark, or trade name is not a transfer of a capital asset when the traniferor retains any sifonificant pewes, ripht, or continuling interest in the property transferred.
Tax Drill - Section 1 2 5 3 Indicate whether the

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