Deidra Has Owned and Occupied Her Principal Residence for 10

question 81

True/False

Deidra has owned and occupied her principal residence for 10 years.Two and one-half years ago, she married Doug who moved into her house.Doug has never owned a home.When Deidra is transferred to another city, she sells the house and has a realized gain of $425,000.Deidra can exclude the realized gain of $425,000 from her gross income under § 121 if she and Doug file a joint return.

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Approaches

Methods or strategies used to tackle problems, questions, or situations.

Interpreter

A person who converts spoken or sign language communication from one language to another, facilitating understanding between speakers of different languages.

Hemisphere

Half of a spherical or roughly spherical body, especially one of the two halves of the earth, divided into the Northern and Southern Hemispheres.

Neurons

Specialized cells that transmit nerve impulses; the basic building blocks of the nervous system.