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    Fundamentals of Taxation
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    Exam 12: Special Property Transactions
  5. Question
    To Qualify for the IRC Section 121 Exclusion of Gain
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To Qualify for the IRC Section 121 Exclusion of Gain

Question 51

Question 51

True/False

To qualify for the IRC Section 121 exclusion of gain on the sale of a residence,the taxpayer must have lived in the home for a continuous two-year period.

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