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    Federal Taxation
  4. Exam
    Exam 15: Property Transactions: Nontaxable Exchanges
  5. Question
    The Taxpayer Must Elect to Have the Exclusion of Gain
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The Taxpayer Must Elect to Have the Exclusion of Gain

Question 14

Question 14

True/False

The taxpayer must elect to have the exclusion of gain under § 121 (sale of principal residence) apply.

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