Please include IRC Citation. Thanks.

28. The tax law necessitates that capital gains and losses be separated from other types of gains and losses because an alternative tax calculation may be used when taxable income includes net long-term capital gain. True b. False IRC Citation (for the alternative tax calculation): a. C. 29. An individual taxpayer received a valuable painting from his uncle, a famous painter. The painter created the painting. After the taxpayer held the painting for two years, he sold it for a $400,000 gain. The gain is a long-term capital gain. True b. False IRC Citation: a. C. 30. The tax law necessitates that capital gains and losses be separated from other types of gains and losses because there are also limitations on the deduction of net capital losses. a. True b. False c. IRC Citation