You Purchased and Lived in Your Home 8 Years

question 18

Multiple Choice

You purchased and lived in your home 8 years.Now you have received an excellent promotion,but you will have to sell your home and move to another community.The capital gains on the home sold will

• A) be taxable as ordinary income.
• B) be taxable at the 15% tax bracket.
• C) be taxable at the appropriate long-term capital gains rate.
• D) not be taxable because the home was your principal residence.
• E) not be taxable because this is a job-related move.

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Definitions:

Creativity

The ability to produce original, diverse, and valuable ideas or solutions.

Nonconformity

Nonconformity refers to the refusal to align with established norms, rules, or laws within a society or group.

Conscientiousness

Refers to a personality trait characterized by organization, dependability, and a strong sense of duty.

Eight Types

This term is too vague without further context but could refer to various classification systems in psychology, such as personality types, without specifying which.