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

Question

Quizplus · Accepted Answer

The birth of a child is not considered an unforeseen circumstance for the purpose of obtaining a partial exclusion of a gain on the sale of a home. The unforeseen circumstances that qualify for the partial exclusion include loss of employment, natural or man-made disasters resulting in a casualty to the residence, and divorce or legal separation.

Which of the Following Is Not an Unforeseen Circumstance for Purposes