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23 Hillary purchased a home on 3/1/2019. She lived in it until she sold it on 6/1/2020. Hillary would not qualify for the Section 121
23 Hillary purchased a home on 3/1/2019. She lived in it until she sold it on 6/1/2020. Hillary would not qualify for the Section 121 exclusion on the sale of her home under which of the following circumstances t of Select one: a. Her daughter was born 3/1/2020 b. Hillary's home was significantly damaged in a fire on 4/1/2020. c. Hillary lost her job on 1/1/2020 and received unemployment compensation. d. Hillary got divorced on 6/1/2019 on 24 Oprah owns a personal residence. She sells the personal residence. Which of the following is false? ed out of Select one: O a. If Oprah's lived and owned the house for 5 years and her husband claimed the exclusion last year, she cannot claim the $500,000 of exclusion. n O b. Oprah must be living in the home at the time she sells it in order to claim the exclusion. O c. If Oprah's husband owned and lived in the house for 5 years and Oprah lived in the house for 3 years but did not own it the exclusion amount would be $500,000. O d. If Oprah had a heart attack after owning the house for only 11 months she can exclude part of the $250,000 or $500,000 amount. ces
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