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Aliyah is a single taxpayer selling her home. She has lived in the home for the past 5 years. The home sold for a profit

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Aliyah is a single taxpayer selling her home. She has lived in the home for the past 5 years. The home sold for a profit of $175,000. Which of the following is correct? Aliyah needs to self-report and withhold on the Form 593 for the taxable profit. Aliyah's sale is excluded from income and therefore no withholding is needed. The Form 593 withholding needs to happen, but it's handled by the realtor. The sale's entire gross, not net, profit is subject to backup withholding. Next

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