Which of the following statements es incorrecto (is incorrect)? A In genernil terms, the tax laws favor taxpayers who own a principal residence relative to those who rent a principal residence. B. Renting a residence may have nontax advantages over owning a home. c. A personal resldence is a capital asset. 2. Thrpplyers mexting certain requirements may be allowed to exdude at least a portion of gain realized on the sale of a principal residence. L. The tax tims plaok a foed dollar limit on the amount of qualfied residence interest a tappayer may deduct in a particutar yeac