A taxpayer is able to use § 121 even if he or she temporarily rents his or her primary residence while trying to sell it.

Question

Quizplus · Accepted Answer

According to § 121, a taxpayer can still use the exclusion on the sale of their primary residence even if they temporarily rent it out while trying to sell it. However, certain limitations may apply, such as the amount of time the taxpayer rented out the property and the ratio of rental use to personal use.

A Taxpayer Is Able to Use § 121 Even If