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Author Question: All of the following statements are true with regard to personal residencesexcept: (Read 52 times)

renzo156

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on: Sep 13, 2020
All of the following statements are true with regard to personal residences except:
◦ Temporarily renting property that was formerly the taxpayer's principal residence does not automatically preclude the use of Sec. 121.
◦ To qualify for favorable tax treatment under Sec. 121, the residence must be either the taxpayer's principal residence or a secondary residence.
◦ In the case of married taxpayers, an individual may claim the exclusion even if the individual's spouse used the exclusion within the past two years.
◦ Houseboats, house trailers, and condominium apartments may qualify as a principal residence.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by renzo156 on Sep 13, 2020

Laurenleakan

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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renzo156

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Reply 2 on: Sep 13, 2020
Wow, this really help

sailorcrescent

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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