Which of the following statements is false?

A.Exclusion of gain from the sale of residential property does not apply to any period ofnonqualifieduse. Non-qualified use is defined as any time period during which the taxpayer, the taxpayer's spouse, or former spouse did not usethe property as a principal residence but instead used it for some other purpose, such asa temporary vacation home, a rental property, or for use in a trade or business.

B.Exclusion of gain under IRC 121 is only available for a principal residence.It is not available for a second home, or vacation home, or any propertyused as a residence only intermittently.

C.A taxpayer may have more than one principal residence.

D.As long as an employer does not acquire the benefits and burdens of ownership of the employees home, all payments made by an employer for employee relocation assistance are generally deductible by the employeras employee compensation and are taxable as wages to the employee.