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) birth of one child
C) natural or man- made disaster resulting in a casualty to the residence
D) divorce or legal separation
Correct Answer:
Verified
Q1889: Generally, a full exclusion of gain under
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Q1893: In 1997, Paige paid $200,000 to purchase
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Q1898: Amber receives a residence ($750,000 FMV, $500,000
Q1899: Hannah, a single taxpayer, sold her primary
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