At a particular point in time, a taxpayer can have one or two principal residences for § 121 exclusion purposes.

Name: At a particular point in time, a taxpayer can have one or two principal residences for § 121 exclusion purposes.
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For § 121 exclusion purposes, a taxpayer can only have one principal residence at a time. The exclusion applies to the sale of a primary home, and only one home can be designated as the principal residence for this purpose.

At a Particular Point in Time, a Taxpayer Can Have