The Taxpayer Must Elect to Have the Exclusion of Gain

question 14

True/False

The taxpayer must elect to have the exclusion of gain under § 121 (sale of principal residence) apply.

---

Definitions:

Direct Approach

A communication method where the message is straightforward and clear, without any ambiguity.

Indirect Approach

A communication strategy where the main point or request is presented after providing background information or rationale.

Persuasive Approach

A method of communication aimed at influencing the attitudes, beliefs, or behaviors of others through argument, reasoning, or appeal.

Negative Message

A communication that conveys bad news, rejection, or a negative outcome to the recipient.