If Section 1231 losses exceed Section 1231 gains, the excess is treated as a short-term capital loss for an individual. True False Question 10 0.75pts If depreciation taken on property subject to Section 1245 is more than the gain recognized from its sale, the entire depreciation is recaptured as ordinary income. True False When Section 1239 (relating to the sale of depreciable property between related taxpayers) applies, it results in the entire gain being treated as Section 1231 gain. True False Question 12 0.75pts A proposed regulation under Section 274 of the Code would be cited as follows: Prop. Reg. Sec. 274. True False Revenue rulings are published to provide precedents to be used in the disposition of other cases and may be cited and relied upon by taxpayers for such purpose. True False Question 14 0.75 pts The Golsen Rule is no longer followed by the U.S. Tax Court. True False