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http://boards.fool.com/apparently-i-did-miss-something-thanks-bob-14393528.aspx
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| Subject: Re: Deemed Sale of Personal Residence | Date: 2/21/2001 11:40 AM | |
| Author: ataxwitch | Number: 46880 of 120393 | |
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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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