"Quality educational courses since 1991"

---

Test Your Tax Knowledge:
Tax Year 2004 Test Questions

PART 1
Individuals

1. Question 12 (1 point – True/False)

Mr. and Mrs. Black purchased their primary residence in 1995 and lived in it until they sold it in 2003. They purchased the home for $250,000 and sold it for $650,000. Since their home was sold for more than the maximum exclusion of $500,000, they are required to report the sale of their home on their 2003 tax return.

Select your answer:

True
False

---

Copyright 1997-2007 © Arthur EA Review, Inc.
Home Study Course & Seminars
We stand behind our products
P.O. Box 91148, Long Beach, CA 90809-1148
Email: arthur@EAReview.com
Tel. 800-476-8866  FAX 562-433-2043