A taxpayer who sells their personal residence in 2021 may exclude some or all of the gain

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A taxpayer who sells their personal residence in 2021 may exclude some or all of the gain on the sale if the residence was owned and lived in for.

a. At least four years before the sale date.

b. Any two years of a five-year period before the sale.

c. Any of the last four years of an eight-year period before the sale.

d. At least one year prior to the sale date.

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Fundamentals Of Taxation 2022

ISBN: 9781264209408

15th

Authors: Ana Cruz, Michael Deschamps, Frederick Niswander

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