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QUESTION 56 Kyle purchased a home in San Antonio where he planned to settle. However, he lost his job but found another job in Dallas.

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QUESTION 56 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 O 18 months 24 months 60 months

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