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    Taxation for Decision Makers
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    Exam 8: Property Dispositions
  5. Question
    A Taxpayer Who Disposed of His or Her Home in 2017
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A Taxpayer Who Disposed of His or Her Home in 2017

Question 58

Question 58

True/False

A taxpayer who disposed of his or her home in 2017 in a short sale had to recognize up to $1 million in cancellation of indebtedness income.

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