Which of the Following Is Not an Unforeseen Circumstance for Purposes

question 72

Multiple Choice

Which of the following is not an unforeseen circumstance for purposes of obtaining a partial exclusion of a gain on the sale of a home?

• A)loss of employment by the qualified individual if the individual is eligible for unemployment compensation
• B)natural or man-made disaster resulting in a casualty to the residence
• C)birth of one child
• D)divorce or legal separation

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Definitions:

Stocks' Returns

The gains or losses on investments in stocks, typically measured as a percentage of the investment amount.

Minimizing Risk

Strategies or actions taken to reduce the probability and/or impact of harmful outcomes in decision-making or processes.

Stocks

Stocks represent shares of ownership in a company, providing investors with a claim on the company's assets and earnings, and are traded on stock exchanges.

Choose

A term often associated with selecting options or making decisions from a set of alternatives.