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    Federal Taxation
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    Exam 28: Property Transactions: Nontaxable Exchanges
  5. Question
    Generally,a Full Exclusion of Gain Under Sec
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Generally,a Full Exclusion of Gain Under Sec

Question 11

Question 11

Multiple Choice

Generally,a full exclusion of gain under Sec.121 upon the sale of a personal residence applies to only one sale or exchange every


A) six months.
B) year.
C) two years.
D) five years.

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