Which of the following statements is true regarding proceeds of disposition (POD) on the disposal of LPP? Question 4 options: a) POD of the LPP are deemed to be the greater of actual proceeds and $1,000. b) POD of the LPP are deemed to be the lesser of actual proceeds and $1,000. c) POD of the LPP are deemed to be the greater of actual proceeds and $2,000. d) POD of the LPP are always the actual proceeds