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TP was overseas and just recently returned to the States.And that's when he was able to sell the property.
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I am looking at 1.121-3 (4) Examples and it actually sounds that the partial exclusion could apply in this case.
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Thank you for your comment.I do not suggest that he sold the property because he had to move back.I am trying to figure out if a partial exclusion will apply in...
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Thank you all for your input.I have been reading, and rereading the regs and my understanding is that the TP qualifies for the partial exclusion.
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I am trying to figure out if a partial capital gain exclusion is applicable in this case:TP Purchased a primary residence in Jan. 2001. Lived in the residence u...
