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  2. Topic
    Business
  3. Study Set
    Federal Taxation
  4. Exam
    Exam 13: Property Transactions: Determination of Gain or Loss, Basis Considerations, and Nontaxable Exchanges-Part 1
  5. Question
    The Taxpayer Can Elect to Have the Exclusion of Gain
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The Taxpayer Can Elect to Have the Exclusion of Gain

Question 53

Question 53

True/False

The taxpayer can elect to have the exclusion of gain under § 121 (sale of principal residence) not apply.

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