TaxGuyBill
Level 15
09-23-2020
06:11 PM
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@ricklang99 wrote:Taxpayer converted their rental ... to a primary residence.
The sale of the house will also qualify for the $500,000 section 121 exclusion.
As a side topic, you know that the taxpayer has "Nonqualified Use", right? So the exclusion won't cover all of the gain.