True/False
Deidra has owned and occupied her principal residence for 10 years.Two and one-half years ago, she married Doug who moved into her house.Doug has never owned a home.When Deidra is transferred to another city, she sells the house and has a realized gain of $425,000.Deidra can exclude the realized gain of $425,000 from her gross income under § 121 if she and Doug file a joint return.
Correct Answer:

Verified
Correct Answer:
Verified
Q76: If an election to postpone gain under
Q77: Which of the following satisfy the time
Q78: During 2018, Ted and Judy, a married
Q79: A taxpayer who sells his or her
Q80: If boot is received in a §
Q82: Paula inherits a home on July 1,
Q83: Pat owns a 1965 Ford Mustang that
Q84: Which of the following statements is correct?<br>A)In
Q85: Brian and Becca have been married and
Q86: Patty's factory building, which has an adjusted