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A tax preparer may be subject to a $540 preparer penalty under IRC 566959) Select...

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A tax preparer may be subject to a $540 preparer penalty under IRC 566959) Select one: O a For failure to comply with due diligence requirements limited to a maximum of $540 ob. For each failure to comply with the due diligence requirements C For failure to file Form 8879 Od For including a schedule A when filing a return using the standard deduction O e. None of these Jeff is a single taxpayer who sold his home when he was transferred from NY to Denver by his employer. He purchased the home on January 10, 2013. He was sent by his company for temporary assignment to Detroit on February 1, 2016, that lasted for longer and was gone for 16 months in 2016 and 2017 during which time he rented out his home. He moved back into the home on June 3, 2017 He sold the home on March 15, 2020. Jeff can claim an exclusion of gain on the sale up to Select one a $500,000 b. 5300,000 c. $250.000 od so

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