All of the Following Statements Are True with Regard to Personal

question 84

Multiple Choice

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.

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Definitions:

Non-routine Collective Action

Coordinated group actions that are often spontaneous or unusual, aiming to address a common issue or goal outside standard practices.

Organizational Change Movement

Initiatives or activities aimed at redefining and transforming an organization's structure, operations, or culture to achieve better performance or adapt to new conditions.

Peaceful Social Action

The act of seeking to bring about social change through nonviolent means, such as protests, boycotts, and civil disobedience.

Social Movement

An organized group action focused on promoting or resisting change in society or an institution.