If a Taxpayer Owns More Than One Home,she Can Designate

question 60

True/False

If a taxpayer owns more than one home,she can designate the home that will be considered her principal residence for purposes of the Sec.121 exclusion.

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Definitions:

Mode Of Communication

The method or means through which information or messages are conveyed from one entity to another, including verbal, non-verbal, written, and digital forms.

Specific Audience

A particular group of people identified as the intended recipients of a message or piece of communication.

Specific Purpose

A particular aim or intended outcome that is sought after or desired in a given context or activity.

Critical Thinking

The process of carefully analyzing and judging a topic to establish an opinion.