A taxpayer who sells her personal residence in 2018 may exclude some or all of the gain
Question:
A taxpayer who sells her personal residence in 2018 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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Related Book For
Fundamentals Of Taxation 2019
ISBN: 9781260158670
12th Edition
Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
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