|
The Motley Fool Discussion Boards
|
Previous Page | |
|
Financial Planning / Tax Strategies |
||
|
URL:
http://boards.fool.com/apparently-i-did-miss-something-thanks-bob-14393528.aspx
|
||
| Subject: Re: Deemed Sale of Personal Residence | Date: 2/21/2001 11:40 AM | |
| Author: ataxwitch | Number: 46880 of 127522 | |
|
Apparently I did miss something. Thanks, Bob. However, there is a provision in the "deemed sale" statute that requires the seller to recognize gain on a deemed sale "notwithstanding any provision of the Internal Revenue Code". That would suggest that the seller could not exclude the gain under Sec. 121. |
||
| Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us | ||