In Certain Circumstances, a Taxpayer Who Does Not Meet the Ownership

question 78

True/False

In certain circumstances, a taxpayer who does not meet the ownership and use tests may still be allowed to exclude the entire realized gain on the sale of a principal residence.

---

Definitions:

Sustainability

The practice of maintaining processes or states in a manner that prevents depletion of natural resources, ensuring long-term environmental balance.

Sustainability

The practice of maintaining processes or systems in a way that does not deplete natural resources or harm the environment, ensuring long-term ecological balance.

Greenhouse Gas Emissions

The release of gases into Earth's atmosphere that trap heat, contributing to global warming and climate change.

ISO 14000

A family of standards related to environmental management that exists to help organizations minimize their environmental impact.