Which of the following statements is false?

A.A taxpayer's home is a capital asset.

B.A loss on the sale of a residence is a non-deductible personal living expense.

C.The current provision of IRC 121 that prevents $250,000 ($500,000 for married taxpayers filing jointly) of gain from being taxed is a mere postponement (deferral) of taxable gain.

D.All of the above is true.