Which of the following statements is false?

A.TheIRShasruled that a developer is permitted to include in the basis of parcels sold the allocable share of ESTIMATED costs of common improvements even if they have not yet been incurred or paid by the developer, and without regard to the economic performance requirements of IRC461(h).

B. The basis of subdivided lots generally includes a pro-rata portion of the cost of developing the parcel to make it suitable for subdivision as long asthe apportionment takes intoaccount any differences in relative fair market values.

C. The costs of improvements made by a developer for roads and utilities may be added to the basis of parcels sold when the developer retains control of the improvements and commercially exploits them as a separate business.

D . All of the above statements are true.