If a Gain Realized on the Sale of a Personal

question 85

True/False

If a gain realized on the sale of a personal residence is above the allowed exclusion, the excess may be deferred through a reduction in the basis of the new residence.

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Definitions:

Priapism

A medical condition involving a persistent and often painful erection of the penis that lasts for hours and is unrelated to sexual arousal.

Hallucinogenic

Substances that cause hallucinations—perceptions or experiences that differ from reality—and alter a person's thinking, sense of time and emotions.

Eating Disorder

Serious and often fatal illness that causes disturbances to a person’s eating behaviors.

Overdieting

Excessive dieting that can lead to nutritional deficiencies and health problems.