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The Maximum Amount of the § 121 Gain Exclusion on Sale

question 38

True/False

The maximum amount of the § 121 gain exclusion on sale of a principal residence is $250,000 for a single individual and $500,000 for a married couple.


Definitions:

Return on Investment

A measure of the profitability of an investment, calculated by dividing the net profit by the initial cost.

Market Segmentation

The practice of dividing a target market into smaller, more defined categories based on certain characteristics like needs, interests, or demographics.

Market-Product Grid

A framework to relate the market segments of potential buyers to products offered or potential marketing actions.

Cross-Tabulation

Cross-tabulation is a statistical tool used to analyze the relationship between two or more categorical variables by creating a table that displays the frequency distribution.

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