The taxpayer must elect to have the exclusion of gain under § 121 (sale of principal residence) apply.
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Q27: Kelly, who is single, sells her principal
Q28: An involuntary conversion results from the destruction
Q29: Casualty losses and condemnation losses on the
Q30: Bria's office building (basis of $225,000 and
Q31: Kendra owns a home in Atlanta.Her company
Q33: The amount realized does not include any
Q34: The maximum amount of the § 121
Q35: Matt, who is single, sells his principal
Q36: Dennis, a calendar year taxpayer, owns a
Q37: If a taxpayer reinvests the net proceeds
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