You have owned and lived in your home for 8 years.Now you have received an excellent promotion,but you will have to sell your home and move to another community.You expect to realize a capital gain of $100,000 on the home's sale.The capital gain will
A) be taxable as ordinary income.
B) be taxable at the 15% tax bracket.
C) be taxable at the appropriate long-term capital gains rate.
D) not be taxable because the home was your principal residence.
E) not be taxable because this is a job-related move.
Correct Answer:
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