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How long must a principal residence be occupied to take advantage of the maximum exclusion of profit from taxable income?
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.
What else can I help you with?
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 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
How many sublevels are occupied in an atom of sulfur in the ground state?
there is only one unpaired electron in copper
How many sublevels are completely occupied in the second principal energy level of a sodium atom in the ground state?
In the ground state, a sodium atom in the second principal energy level has two sublevels completely occupied: the 2s and the 2p sublevels. The 2s sublevel can hold a maximum of 2 electrons, and the 2p sublevel can hold a maximum of 6 electrons.
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
How many electrons can be occupied by each orbital?
Each orbital can hold a maximum of 2 electrons, with opposite spins according to the Pauli exclusion principle.
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
