Bred by Warner L. Jones at his Hermitage Farm near Goshen, Kentucky, he was purchased by Eugene Klein who handed him over to trainer D. Wayne Lukas for race conditioning.
However, in their most important meeting of 1988, run on a muddy track at Churchill Downs, Is It True defeated Easy Goer in the Breeders' Cup Juvenile by a little over a length, though Easy Goer won the Eclipse Award for American Champion Two Year Old Male.
In an August 8, 2007 article, ESPN's Jeremy Plonk wrote that "Easy Goer's loss, on a muddy track at Churchill Downs, in the 1988 Juvenile to Is It True arguably is the biggest upset in the event's 23-year history.
His most important win came in the Grade II Jim Dandy Stakes at Saratoga Race Course.
Retired to stud duty, Is It True stood five seasons in Australia and another five seasons shuttling between Heytesbury Stud near Perth in Western Australia to Walmac International in Kentucky.