Article
Planning opportunities with the Sec. 121 Partial Exclusion.
USF St. Petersburg campus Faculty Publications
Document Type
Article
Publication Date
2008
Disciplines
- Accounting and
- Business
Abstract
Sec. 121 allows taxpayers to exclude up to $250,000 ($500,000 for married taxpayers filing jointly and surviving spouses) of gain from the sale of a principal residence. This article discusses the requirements to qualify for the exclusion of gain and the partial exclusion of gain available in certain circumstances to taxpayers that do not meet the requirements for the full exclusion.
Comments
Abstract only. Full-text article is available through licensed access provided by the publisher. Published in The Tax Adviser, 39(8), 508-514. Members of the USF System may access the full-text of the article through the authenticated link provided.
Language
en_US
Publisher
CPA2Biz, Inc.
Creative Commons License
Creative Commons Attribution-Noncommercial-No Derivative Works 4.0
Citation Information
Cockrum, R.B. & Cabán-García, M.T. (2008). Planning opportunities with the Sec. 121 Partial Exclusion. The Tax Adviser, 39(8), 508-514.