Identify which of the following statements is true. The Hunter Partnership has a net long-term capital gain of $4,000 and a net short-term capital loss of $1,000 for the current tax year. The gain and loss will be netted and the partners will include their proportionate share of the $3.000 net long-term capital gain on their return The Right Partnership sells a delivery truck and recognizes a gain of $2,000, which represents depreciation recaptured under Sec. 1245. The $2,000 gain will retain its identity as a separately stated item. For tax purposes, the partnership takes a carryover basis in the contributed property that references the contributing partner's basis. All of the above are false he Right Partnershonale share of the $argain and loss will be notind a net short-term cani