Under IRS Revenue Ruling 2005-74, what is required for an employer-assisted home sale to be treated as two separate sales, so home-sale costs are not taxable to the employee?
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A
The employer must pay the employee's closing costs directly to the title company
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B
The home must sell within 30 days of the employee's acceptance
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C
The employer must take on the benefits and burdens of ownership, and the employee must be fully released from the property
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D
The employee must have owned the home for at least five years