Upon the sale of property with an adjusted basis, a portion of the selling price equal to the basis in the property is considered a return of capital to the seller and is therefore not taxable.

Upon the sale of property with an adjusted basis, a portion of the selling price equal to the basis in the property is considered a return of capital to the seller and is therefore not taxable.

Upon the sale of property with an adjusted basis, a portion of the selling price equal to the basis in the property is considered a return of capital to the seller and is therefore not taxable. 



Answer: TRUE