Which of the Following Is Not an Unforeseen Circumstance for Purposes

question 72

Multiple Choice

Which of the following is not an unforeseen circumstance for purposes of obtaining a partial exclusion of a gain on the sale of a home?

• A)loss of employment by the qualified individual if the individual is eligible for unemployment compensation
• B)natural or man-made disaster resulting in a casualty to the residence
• C)birth of one child
• D)divorce or legal separation

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Definitions:

Live Together

The act of sharing a living space with someone, typically implying a close personal relationship without legal bounds of marriage.

Extended Family

A family unit that extends beyond the nuclear family, including grandparents, aunts, uncles, and other relatives who may not live in the same household.

Divorce Rates

indicate the proportion of marriages that end in divorce within a specific population or time frame, often used as an indicator of societal changes in attitudes towards marriage.

Live Together

A living arrangement in which two or more people share a residence without being married or related to each other.