T/F

19. Gains/losses resulting from the disposition of depreciable or real property used in a trade or business and held for one year or less are considered capital in nature.

20. The tax rules are different for condemnations and casualties, even though both are involuntary conversions of property.

21. The purpose of Sec. 1245 is to eliminate any advantage taxpayers would have if they were able to reduce ordinary income by deducting depreciation and subsequently receive Sec. 1231 treatment when the asset was sold.