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Subject:  Re: Deemed Sale of Personal Residence Date:  2/21/2001  11:40 AM
Author:  ataxwitch Number:  46880 of 127746

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.
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