Question: What are the ownership and use tests for excluding the maximum gain on the sale of a personal residence? Under what circumstances may the owner
What are the ownership and use tests for excluding the maximum gain on the sale of a personal residence? Under what circumstances may the owner of a personal residence exclude gain if the required ownership and use tests are not met?
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The personal residence must be the primary residence of the taxpayer the taxpayer or the taxpayers s... View full answer
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