Which of the following statements regarding a taxpayer's principal residence is true for the purposes of determining whether the taxpayer is eligible to exclude gain realized on the sale of the residence?
A) A taxpayer may have more than one principal residence at any one time. B) A taxpayer's principal residence may not be a houseboat. C) A taxpayer with more than one residence may annually elect which residence is considered to be the principal residence. D) None of the choices are true.
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