Kendra Owns a Home in Atlanta

True/False

Kendra owns a home in Atlanta. Her company transfers her to Chicago on January 2, 2017, and she sells the Atlanta house in early February 2017. She purchases a residence in Chicago on February 3, 2017. On December 15, 2017, Kendra's company transfers her to Los Angeles. In January 2018, 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.