Which of the Following Is/are Correct Concerning a Principal Residence

question 34

Multiple Choice

Which of the following is/are correct concerning a principal residence?
I.A principal residence can be a house, condominium, mobile home, or houseboat.
II.A taxpayer can have more than one principal residence at a time.
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• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.