If a Taxpayer Excludes the Gain on the Sale of His

Multiple Choice

If a taxpayer excludes the gain on the sale of his personal residence and,within two years,sells a second residence,he or she can exclude up to $250,000 for a single taxpayer) :

A) A ratio of the days owned divided by 730 days for any reason.
B) The entire gain for any reason.
C) A ratio of the days owned divided by 730 days and only if the sale is due to health,employment reasons or unforeseen circumstances.
D) The entire gain on the second sale if the sale is due to health,employment reasons or unforeseen circumstances.