Tax Drill $-$ Section $121$

Indicate whether the following statements are "True" or "False" regarding the tax treatment of the sale of a penchal resibence:$-$

a$.$ The $5,121$ exclusion does not apply to sales occurring within two yoars of its last une$-$

b$.$ A realized loss from the sale of a personal residence is recognized for tax porposes.

C$.$ To qualify for exclusion treatment, at the date of the sale, the residence must have been owned and used by the taxpayer as the principal residence for at least two years $$ during the flve$-$vear period ending on the date of the sate.

d$.$ Generally, the amount of the avalable $5\mathrm{.}121$ exclugion on the sale of a principal residence is $$250,000$ for a tavpaver.