Rollover of gain on sale of principal residence.: An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on December 1, 1995. The length of the article is 551 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The Tax Court ruled in a memorandum opinion that the exception to the ownership rules of IRC section 1034 was limited to the circumstance when the exact same husband and wife rollover gain into a new principal residence. The taxpayer stated that she intended to rollover, and not recognize, gain on the sale of a residence that she had owned with one husband. She subsequently bought a new residence with her new husband. They acquired the house jointly. The Tax Court found that identity of ownership exceptions did not apply to the taxpayer and any husband.

Citation Details
Title: Rollover of gain on sale of principal residence.
Author: John Harper
Publication:The Tax Adviser (Magazine/Journal)
Date: December 1, 1995
Publisher: American Institute of CPA's
Volume: 26 Issue: n12 Page: 716(2)

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