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.

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Definitions:

Therapeutic Change

The process of transformation or improvement in a client's psychological, emotional, or behavioral state through psychotherapy.

Theoretical Orientations

The foundational beliefs and principles that guide psychologists and therapists in their understanding of clients and approach to treatment.

Psychopathology

The scientific study of mental disorders, including their symptoms, etiology (i.e., their causes), and treatment.

Eclectic Approach

An eclectic approach in therapy involves integrating various therapeutic tools and approaches based on the client's individual needs, rather than adhering to one particular method or theory.