Which of the following statements is false?

	a.	The surrender of depreciated boot (where the fair market value of the property is less than its adjusted basis) in a like kind exchange can result in the recognition of loss.
	b.	A taxpayer who sells his residence at a gain may not recognize the gain even if the taxpayer so desires because the provision for non-recognition of gain in IRC 121 is mandatory.
	c.	In order for property to be considered like-kind under 1031 the properties exchanged must be held for use in a trade or business of for investment (production of income).
	d.	A taxpayer who sells his personal residence at a loss may never deduct the loss even if the home didn't qualify under IRC 121.