Which of the following statements is false regarding a bargain sale?

A. The difference between the fair market value of the asset and the consideration received in exchange for the asset is considered a gift.

B. The gift portion of a bargain sale will qualify for the annual exclusion.

C. A bargain sale is generally inappropriate if the buyer of the property is a family member.

D. If the property is sold by the seller for more than the sellers basis in the property, a taxable gain will result.