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Author Question: The taxpayer must be occupying the residence at the time of the sale in order for Sec. 121 to apply. (Read 56 times)

j.rubin

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on: Sep 13, 2020

Question 1

The $250,000/$500,000 exclusion for gain on the sale of a personal residence is only available to taxpayers who are age 55 or older.
◦ true
◦ false

Question 2

The taxpayer must be occupying the residence at the time of the sale in order for Sec. 121 to apply.
◦ true
◦ false
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by j.rubin on Sep 13, 2020

aruss1303

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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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j.rubin

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review

lcapri7

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

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