Kendra Owns a Home in Atlanta

True/False

Kendra owns a home in Atlanta.Her company transfers her to Chicago on January 2, 2019, and she sells the
Atlanta house in early February 2019.She purchases a residence in Chicago on February 3, 2019.On December 15,
2019, Kendra's company transfers her to Los Angeles.In January 2020, she sells the Chicago residence and purchases a residence in Los Angeles.Because multiple sales have occurred within a two-year period, § 121 treatment does not apply to the sale of the second home.