The Maximum Amount of the § 121 Gain Exclusion on Sale

question 38

True/False

The maximum amount of the § 121 gain exclusion on sale of a principal residence is $250,000 for a single individual and $500,000 for a married couple.

---

Definitions:

Canadian Human Rights Acts

A set of laws in Canada aimed at preventing discrimination and ensuring equal treatment for all, regardless of race, religion, gender, etc.

Human Resource Planning

The process of forecasting an organization's future human resource requirements and devising strategies to meet those needs, including staffing and development.

Human Resources

A business department focused on managing employee-related processes such as hiring, training, performance appraisal, and benefits administration.

Mission Statement

A statement outlining the purpose and long-term objectives of the organization.