Ch. 13 : Nontaxable Exchanges Flashcards
1
Q
What is the calculation for the prorated exclusion on a personal residence sale?
A
of month of use / 24
* Exclusion (250K or 500K)
[2022] HS321 Fundamentals of Income Taxation > Ch. 13 : Nontaxable Exchanges > Flashcards
What is the calculation for the prorated exclusion on a personal residence sale?
of month of use / 24
* Exclusion (250K or 500K)
[2022] HS321 Fundamentals of Income Taxation (10 decks)