I urgently need to know your opinion on this:

Complete the sentences with the missing phrases:

1) g..... u.... together.
2) b....... friends
3) ......... on the phone
4) h......... a party

How would you complete the phrases?
Where .....live now?
Where do you live/are you living now?

I cannot complete #s 1-4 without seeing the sentences themselves. Out of context, it's impossible to tell.

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I'd say, "Where do you live now?" Your other phrasing is also correct, but I'd be more likely to use the 4-word question than the 5-word question!!