A Single Taxpayer May

A single taxpayer may

A) not exclude from current income any of the capital gain on the sale of a home.
B) exclude up to $250,000 of the capital gain every time he or she sells a home as long as they have lived in the home for a period of two years.
C) exclude up to $250,000 of the capital gain every time he or she sells a home only if they are at least 55 years of age.
D) exclude all of the capital gain on the sale of a home;however,this exclusion may only be taken once in a lifetime.