Which of the following statements concerning the sale of a principal residence is false? In order to qualify for the exclusion of gain on the sale of a principal residence, the taxpayer must acquire another residence within two years of the sale of the old residence. OA taxpayer can only exclude the gain on the sale of a principal residence once every 2 years. OA loss on the sale of a principal residence is a non-deductible personal loss. Question 17 1 pts Cora is single. She sold her principal residence on May 24, 2021 for $710,000. She purchased the home on September 10, 2015 for $420,000 and used it as her principal residence from the time she purchased it until she sold it. How much of the gain on this sale must Cora recognize on her 2021 tax return? O $0 $290,000 $40,000 $250,000