____ 6. For purposes of the 267 loss disallowance provision, a taxpayers aunt is a related party.

____ 7. A bona fide debt cannot arise on a loan between father and son.

____ 8. The concept of depreciation assumes that the asset has a determinable useful life.

____ 9. Motel buildings are classified as residential rental real estate.

True/False Indicate whether the statement is true or false.