Generally,a Full Exclusion of Gain Under Sec

question 11

Multiple Choice

Generally,a full exclusion of gain under Sec.121 upon the sale of a personal residence applies to only one sale or exchange every

• A)six months.
• B)year.
• C)two years.
• D)five years.

---

Definitions:

Desertification

The converting of a land into a desert by natural or human causes.

Evaporation

The process where liquid water transforms into vapor and enters the atmosphere.

Precipitation

Any form of water - liquid or solid - falling from the atmosphere to the surface of the Earth, including rain, snow, sleet, and hail.

Rain Forests

Dense, usually tropical forests, characterized by high rainfall, rich biodiversity, and a canopy structure with multiple layers of vegetation.