25 IRC 1231 gains are treated as capital gains. True O False D Question 26 0 pts O pts Brian purchased 10 bitcoins in 2018 for $220,000. In 2020, the 10 bitcoin are worth $250,000. Brian uses the 10 bitcoin to purchases a home with a fair market value of $250,000 in 2020. What is the effect of this transaction on Brian's Gross Income? O No effect because Brian exchanged the property with currency and not property O No effect because gains from exchanges of property are not taxable under the Internal Revenue Code No effect because the transaction does not result in a gain for Brian. O Brian has taxable gain of $30,000 D Question 27 All income from whatever source derived is taxable, unless tax laws state otherwise for specific items of income. True O False O pts