To Qualify for the Capital Gain Exclusion on a Home

question 7

Multiple Choice

To qualify for the capital gain exclusion on a home sale,the seller must have resided in the residence for ___ of the previous 5 years.

• A)1
• B)2
• C)3
• D)4
• E)5

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Definitions:

Psychotherapy

The treatment of mental disorder by psychological rather than medical means, involving conversations and interactions between a therapist and a client.

Hawthorne Effect

The alteration of behavior by the subjects of a study due to their awareness of being observed.

Placebo Control Group

In research, a group of participants that receives an inactive treatment or substance to compare against the effects of the actual treatment.

Therapy Outcomes

The results or consequences of therapeutic interventions, which can vary widely depending on the modality, therapist, and client characteristics.