A taxpayer who sells her personal residence in 2017 may exclude some or all of the gain
Question:
A taxpayer who sells her personal residence in 2017 may exclude some or all of the gain on the sale if the residence was owned and lived in for
a. At least four years before the sale date.
b. Any two years of a five-year period before the sale.
c. Any of the last four years of an eight-year period before the sale.
d. At least one year prior to the sale date.
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b Any two ...View the full answer
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Related Book For 
Fundamentals Of Taxation 2018
ISBN: 9781259713736
11th Edition
Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler
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