True or False:

a) Fastdrive, Inc. distributes a fully depreciated auto to its sole shareholder Susan when it is worth $4,000. Fastdrive will recognize a LTCG of $4,000 on the distribution.

b) A corporation is not required to recapture depreciation when it distributes appreciated Code Sec. 1245 property to its shareholders.

c) A corporation must recognize a gain if it distributes property subject to a liability in excess of adjusted basis.

d) Unreasonable compensation is one type of constructive or disguised dividend.

e) A shareholder who uses corporate property for personal purposes has likely received a disguised dividend.

f) A shareholder receives a tax-free preferred stock dividend on her common stock. Subsequently, she sells both her common and preferred stock to her aunt. She will not have any dividend income.

g) A distribution of nontaxable stock dividends does not reduce the corporation's E&P.