Planning opportunities with the Sec. 121 Partial Exclusion.

Authors

Robert B. Cockrum
Maria T. Cabán-GarcíaFollow

SelectedWorks Author Profiles:

Maria T. Cabán-García

Document Type

Article

Publication Date

2008

ISSN

0039-9957

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.

Recommended Citation

Cockrum, R.B. & Cabán-García, M.T. (2008). Planning opportunities with the Sec. 121 Partial Exclusion. The Tax Adviser, 39(8), 508-514.

Creative Commons License

This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.