Alben sells his principal residence in December 2019 and qualifies for the § 121 exclusion. He...

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Alben sells his principal residence in December 2019 and qualifies for the § 121 exclusion. He...

Alben sells his principal residence in December 2019 and qualifies for the § 121 exclusion. He sells another principal
residence in November 2020. Under no circumstance can Alben qualify for the § 121 exclusion on the sale of the
second residence.

a- Treu

b- False

business accounting

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Answer 1

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Answer is highlighted in yellow: Solution: b. False Answer: Explanation: As per IRS, according to Look Back, A taxpayer must

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