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    Exam 15: Property Transactions: Nontaxable Exchanges
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    A Taxpayer Who Sells His or Her Principal Residence at a Realized
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A Taxpayer Who Sells His or Her Principal Residence at a Realized

Question 79

Question 79

True/False

A taxpayer who sells his or her principal residence at a realized loss can elect to recognize the loss even if a qualified residence is acquired during the statutory time period.

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