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How long must a principal residence be occupied to take advantage of the maximum exclusion of profit from taxable income?
Wiki User
∙ 13y ago
In general, you are eligible for the exclusion if you have owned and used your home as your main home for a period aggregating at least two years out of the five years prior to its sale. Refer to Publication 523 for the complete eligibility requirements as well as exceptions to the two year rule.
Wiki User
∙ 13y ago
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Name of a Residence occupied by an aristocratic family?
Stately home
Is owner occupied the same as primary residence?
No. Owner occupied means the owner of the property lives in it, meaning it is not rented. Primary residence means the home where you live most of the time. It can be rented or owned.
What is the largest one person residence in the world?
The largest one-person residence in the world is believed to be the Antilia building in Mumbai, India. It is a 27-story skyscraper owned by billionaire Mukesh Ambani and spans approximately 400,000 square feet.
How many sublevels are completely occupied in the second principal energy level of a sodium atom in the ground state?
The 2s and 2p sublevels in the second principal energy level are completely occupied in the ground state of a sodium atom.
What is the total principal owed on all home mortgages in the us?
$4,918,262,770,000 2007 US Census $100,904 (avg. principal owed) X 48,742,000 (owner occupied homes) Note: 24,885,000 owner occupied have no mortgages
What advantage did the union have during the battle of Gettysburg?
. They occupied the high ground
What is residence time of gas?
Residence time in the boiler is typically two to five seconds, and the particles must be small enough for complete combustion to have taken place during this time. The ratio of gas occupied to a particular volume is called residence time based on gas.
Electron configurations is most likely to result in an element that is relatively inactive?
A filled highest occupied principal energy level
Residence that was or still is occupied by an aristocratic family?
Ancestral seat/home of the titles of place e.g. Downton Abbey, ancestral home of the Earls of Grantham
Does Ohio consider burglary a violent crime?
If the premises was occupied at the time of the offense OR - if it was a residence and the crime occurred during the hours of darkness, yes, it would.
What electron configuration is mostly likely to result in an element that is relatively inactive?
a filled highest occupied principal energy level
What is the definition of duplex?
A duplex, in housing, is a single housing structure divided into two residences. Each residence has all the features of a freestanding, single-residence home, with separate driveways, entry doors, living areas, and utilities. But there is a shared wall between the units. Each residence is occupied under its own rental arrangement or even separate ownership.
