Sale of Personal Residence/Acreage

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  • zeros
    Senior Member
    • Dec 2006
    • 921

    #1

    Sale of Personal Residence/Acreage

    Have a client who sold his personal residence and also 5 acreas which was adjacent to his house. Can he exclude all the profit up to the $500,000 allowed?
  • veritas
    Senior Member
    • Dec 2005
    • 3290

    #2
    See pages

    6-21 & 22 in TTB.

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