which of the following unforeseen circumstances would not entitle a homeowner to a p 612707

Which of the following unforeseen circumstances would not entitle a homeowner to a partial home sale exclusion?

a. Incorrect. If a taxpayer has triplets, these multiple births are recognized by the IRS as an unforeseen circumstance.

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b. Correct. Even though winning the lottery is an unforeseen event, it is not the type of event that the IRS recognizes as a reason for permitting a partial home sale exclusion.

c. Incorrect. The IRS has allowed a crime victim to move and use the partial home sale exclusion.

d. Incorrect. If a taxpayer loses a job and is unable to pay the household bills, it can be considered an unforeseen circumstance warranting a partial home sale exclusion.

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