Reports of the United States Tax Court, Volume 135United States Tax Court, 2010 Kept up to date by a monthly publication called: United States. Tax Court. Reports. |
From inside the book
Results 1-5 of 100
Page 5
... provides : SEC . 121 ( a ) . EXCLUSION . - Gross income shall not include gain from the sale or exchange of property if , during the 5 - year period ending on the date of the sale or exchange , such property has been owned and used by ...
... provides : SEC . 121 ( a ) . EXCLUSION . - Gross income shall not include gain from the sale or exchange of property if , during the 5 - year period ending on the date of the sale or exchange , such property has been owned and used by ...
Page 9
United States. Tax Court. 78 Stat . 38 , to provide older taxpayers tax relief on the sale of their principal residences ... provides that a taxpayer generally may exclude up to $ 250,000 of gain realized on the sale or exchange of a prin ...
United States. Tax Court. 78 Stat . 38 , to provide older taxpayers tax relief on the sale of their principal residences ... provides that a taxpayer generally may exclude up to $ 250,000 of gain realized on the sale or exchange of a prin ...
Page 13
... provides that a taxpayer who fails to meet the ownership or use requirements under sec . 121 ( a ) because of “ a change in place of employment , health , or , to the extent provided in regulations , unforeseen circumstances " is ...
... provides that a taxpayer who fails to meet the ownership or use requirements under sec . 121 ( a ) because of “ a change in place of employment , health , or , to the extent provided in regulations , unforeseen circumstances " is ...
Page 15
... provides that if the property sold was owned and used by the taxpayer as the taxpayer's principal residence for at least 2 of the 5 years preceding the sale or exchange , the taxpayer qualifies for the exclusion under section 121 ( a ) ...
... provides that if the property sold was owned and used by the taxpayer as the taxpayer's principal residence for at least 2 of the 5 years preceding the sale or exchange , the taxpayer qualifies for the exclusion under section 121 ( a ) ...
Page 19
... provides insufficient grounds to conclude " that Congress intended the section 121 exclusion to apply only if the dwelling the tax- payer sells was actually used as his principal residence for the period required by section 121 ( a ) ...
... provides insufficient grounds to conclude " that Congress intended the section 121 exclusion to apply only if the dwelling the tax- payer sells was actually used as his principal residence for the period required by section 121 ( a ) ...
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Common terms and phrases
accuracy-related penalty addition to tax adjustment allowance Appeals officer apply Appointments Clause assessment Caer's estate carryback CDP hearing Chesapeake claim Commissioner Congress corporation Court of Appeals Dalton deduction Derivium determination emphasis added equitable tolling estate tax Federal income tax filed forward contract gross income IBM stock Income Tax Regs income tax return interest Internal Revenue Code Internal Revenue Service issue jurisdiction lake house lien loan loss ment notice of deficiency Ocean Pines Office of Appeals parties partner partnership item payment percent peti petition petitioner petitioner's principal residence provides purposes pursuant PVFCS refund regulations reported respect respondent's Rule schedule section 107 shares Stat statute street light assets supra T.C. Memo Tax Court tax imposed tax liability tax shown taxable taxpayer term Texasgulf tion tioner transaction transfer trust underpayment United Virgin Islands whistleblower windfall tax WISCO withholding credits