In order to be eligible to exclude gain on the sale of a principal residence, the taxpayer must meet which of the following tests?
A. Rental test
B. Use test
C. Ownership test
D. Business use test
E. Use test and Ownership test
Answer: E
Tax MCQ
Personal Income Tax Chapter 14
In order to be eligible to exclude gain on the sale of a principal residence, the taxpayer must meet which of the following tests?