Tests and the gain realized on the sale


A taxpayer who sells a principal residence that has been used (or is being used) as a rental property will not be allowed to exclude the portion of the gain attributable to depreciation even if the taxpayer meets the ownership and use tests and the gain realized on the sale is lower than the maximum exclusion amount, Is true or false?

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Accounting Basics: Tests and the gain realized on the sale
Reference No:- TGS045870

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