A Married Couple Filing a Joint Tax Return Is Eligible

question 95

True/False

A married couple filing a joint tax return is eligible to exclude up to $500,000 of gain realized on the sale of a personal residence if both spouses meet the ownership test and at least one spouse meets the use test.

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Definitions:

Muscle Dysmorphia

A mental disorder marked by a distorted self-image, where an individual believes they are not muscular enough, often leading to excessive exercising and bodybuilding.

Binge Eating Disorder

A severe, life-threatening eating disorder characterized by recurrent episodes of eating large quantities of food, often quickly and to the point of discomfort.

Bulimia Nervosa

A disorder involving cycles of overeating and subsequent purging to avoid gaining weight.

Anorexia Nervosa

An eating disorder characterized by an obsession with food, weight, and body shape leading to extreme weight loss and health risks.