In certain circumstances, a taxpayer who does not meet the ownership and use tests may still be allowed to exclude the entire realized gain on the sale of a principal residence.

Name: In certain circumstances, a taxpayer who does not meet the ownership and use tests may still be allowed to exclude the entire realized gain on the sale of a principal residence.
Brand: Quizplus
Rating: 4.9 (41 reviews)

Question

Quizplus · Accepted Answer

This is true under special circumstances such as a change in employment, health or unforeseen circumstances, as outlined in IRS Publication 523.

In Certain Circumstances, a Taxpayer Who Does Not Meet the Ownership