Exclusion on the sale of a taxpayer''s principal residence

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Reference no: EM13839022

if not entirely used in one sale, the unused portion of the $250,000 exclusion on the sale of a taxpayer's principal residence may be used to reduce the recognized gain on the sale of the taxpayer's next residence. True or False?

Reference no: EM13839022

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Exclusion on the sale of a taxpayer''s principal residence : if not entirely used in one sale, the unused portion of the $250,000 exclusion on the sale of a taxpayer's principal residence may be used to reduce the recognized gain on the sale of the taxpayer's next residence. True or False?

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