If a married couple occupied a principal residence for two out of the past five years and

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If a married couple occupied a principal residence for two out of the past five years and then rented it for three of those five years, are they still able to obtain Section 121 exclusion?

A. Yes, they lived in the house for five years.

B. No, they must live in the house at least three of the five years.

C. Yes, they are able to obtain Section 121 exclusion.

D. No, but they are able to obtain Section 1031 exclusion.

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Essentials Of Personal Financial Planning

ISBN: 9781945498237

1st Edition

Authors: Susan M. Tillery, Thomas N. Tillery

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Question Posted: Apr 26, 2024 02:00 AM

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If a married couple occupied a principal residence for two out of the past five years and

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Essentials Of Personal Financial Planning

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