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Financial Planning / Tax Strategies


Subject:  Deemed Sale of Personal Residence Date:  2/20/2001  7:36 PM
Author:  ataxwitch Number:  46845 of 127513

You are recommending combining the "deemed sale" rules and the exclusion of gain on sale of personal residence rules. How do you reconcile the fact that the deemed sale are only supposed to apply assets used in the taxpayer's trade or business?

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