If a taxpayer moves within two years after moving into a new home and uses the exclusion

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If a taxpayer moves within two years after moving into a new home and uses the exclusion on his former home, is any gain taxable on the sale of the new home? Under what conditions can some of the exclusion is used?

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Fundamentals Of Taxation 2015

ISBN: 9781259293092

8th Edition

Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone

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Question Posted: Feb 04, 2016 06:04 AM

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If a taxpayer moves within two years after moving into a new home and uses the exclusion

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The exclusion applies to only one sale every two years The ...View the full answer

Fundamentals Of Taxation 2015

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