If a Principal Residence Is Sold Before Satisfying the Ownership

question 23

True/False

If a principal residence is sold before satisfying the ownership and use tests,part of the gain may be excluded if the sale is due to a change in employment,health,or unforeseen circumstances.

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Definitions:

Female Weaver

A woman specializing in weaving, an ancient craft involving the creation of textiles or fabric on a loom through the interlacing of threads.

Textiles

Fabrics or cloths produced by weaving or knitting fibers together, an important part of human civilization and economic activity.

Ancestral Puebloan

Refers to the ancient Native American culture predominantly found in the Four Corners region of the United States, recognized for their unique cliff dwellings and kivas.

Mural

A wall painting.