Under What Circumstances Can a Taxpayer Obtain a Partial Exclusion

question 454

Multiple Choice

Under what circumstances can a taxpayer obtain a partial exclusion if a home is sold before the use and ownership tests are satisfied?

• A) increased traffic due to widening of a road
• B) change in employment that meets the requirement for a moving expense deduction
• C) birth of one child
• D) marriage

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Definitions:

Semi-annually

Occurring twice a year, a term often used in reference to the payment of interest or dividends.

Coupon

In finance, a coupon refers to the interest payment received by a bondholder from the bond’s issuer at predetermined intervals until the bond’s maturity.

Dividend Growth Rate

The annual percentage rate at which the dividends paid by a stock or company increase.

Annual Dividends

The total amount of dividends that a company pays to its shareholders on an annual basis, typically expressed per share.