1. Kyle purchased a home in San Antonio where he planned to settle. However, he lost his job but found another job in Dallas. He sold his home in San Antonio and moved to Dallas. Kyle qualifies for the prorated exclusion on the gain from the sale of his San Antonio home. He can prorate the exclusion, which is determined by the ratio of the total time he owned and used the home in San Antonio as his main residence to:

   		12 months
   		18 months
   		24 months
   		60 months

2. Which of the following is true of the lifetime learning credit but not true of the American opportunity credit?

   		The student may have a felony drug conviction.
   		It is partly refundable.
   		It covers course materials.
   		The student must be at least a half-time student.
   		It can only be used for the first four years of post-secondary school/college.