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Augustus1 Augustus1
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7 years ago
All of the following statements are true with regard to personal residences except:
A) Temporarily renting property that was formerly the taxpayer's principal residence does not automatically preclude the use of Sec. 121.
B) To qualify for favorable tax treatment under Sec. 121, the residence must be either the taxpayer's principal residence or a secondary residence.
C) In the case of married taxpayers, an individual may claim the exclusion even if the individual's spouse used the exclusion within the past two years.
D) Houseboats, house trailers, and condominium apartments may qualify as a principal residence.
Textbook 
Prentice Hall's Federal Taxation: 2011: Individuals

Prentice Hall's Federal Taxation: 2011: Individuals


Edition: 14th
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We do not judge the people we love.

Prentice Hall's Federal Taxation by Kramer
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Yoko900Yoko900
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7 years ago
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Augustus1 Author
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#2
7 years ago
You're a saint, honestly

Thank you
We do not judge the people we love.

Prentice Hall's Federal Taxation by Kramer
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