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:

Parenting Style

The manner in which parents raise their children, characterized by various levels of responsiveness and demand.

Two-Factor Theory

A psychological theory proposing that emotions are based on physiological arousal and cognitive interpretation of that arousal.

Negative Reinforcer

An unpleasant stimulus that, when removed after a response, increases the likelihood of that response occurring in the future.