Under what circumstances can a taxpayer obtain a partial exclusion if a home is sold before the use and ownership tests are satisfied?
A)change in employment that meets the requirement for a qualifying employment-related move
B)increased traffic due to widening of a road
C)birth of one child
D)marriage

Question

Quizplus · Accepted Answer

If a taxpayer sells their home before satisfying the use and ownership tests, they may still be able to obtain a partial exclusion if the sale is due to a change in employment that meets the requirement for a qualifying employment-related move. The other options listed (increased traffic, birth of a child, marriage) do not qualify for this partial exclusion.

Under What Circumstances Can a Taxpayer Obtain a Partial Exclusion