which of these questions has the wrong response selected?

QUESTION 15 Gains and losses on nontaxable exchanges are deferred because the tax law recognizes that nontaxable exchanges result in a change in the form but not the substance of the taxpayer's relative economic position True False QUESTION 16 Net long-term capital gains may be faced at a lower rate than ordinary gains. True False QUESTION 17 Corporate taxpayers carry unused capital losses, short-term or long-term back 3 years and forward 5 years True False QUESTION 18 It Section 1231 losses exceed Section 1231 gains, the excess is treated as a short-term capital loss for an individual True False