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    Federal Taxation
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    Exam 28: Property Transactions: Nontaxable Exchanges
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    In Order for the Gain on the Sale of a Personal
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In Order for the Gain on the Sale of a Personal

Question 4

Question 4

True/False

In order for the gain on the sale of a personal residence to be excluded under Sec.121,a replacement residence must be purchased within two years.

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