The Parkers are concerned about the tax implications of selling their Cape Cod property. Which of the following statements are true? 1 They will realize a taxable capital gain for Canadian income tax purposes. 2 They will realize a taxable capital gain for U.S. income tax purposes. 3 Because the property is in the U.S. and they are not U.S. residents, their capital gain will not be taxable under either system. 4 They are not considered to be U.S. residents. 5 They may claim a foreign tax credit to reduce their U.S. tax resulting from the sale 1. 1 and 4 only 2. 3 and 4 3. 1, 2, 4 and 5 4. 1, 2 and 4 only choose the right option