Kendra Owns a Home in Atlanta

True/False

Kendra owns a home in Atlanta.Her company transfers her to Chicago on January 2,2015,and she sells the Atlanta house in early February 2015.She purchases a residence in Chicago on February 3,2015.On December 15,2015,Kendra's company transfers her to Los Angeles.In January 2016,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.