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1. Gain on a taxpayer's sale of personal residence is excluded if the taxpayer reinvests the proceeds in a similar residence within 2 1/2 years.
1. Gain on a taxpayer's sale of personal residence is excluded if the taxpayer reinvests the proceeds in a similar residence within 2 1/2 years.
True
False
2.
A patent, copyright, and goodwill are all examples of tangible property.
True
False
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