(e) Denial of exclusion for expatriates — This section shall not apply to any sale or exchange by an individual if the treatment provided by section 877(a)(1) applies to such individual. (f) Election to have section not apply — This section shall not apply to any sale or exchange wit...
Internal Revenue Code (IRC) section 121 exclusion in preparing a bankruptcy estate's income tax return. Bankruptcy cases that illustrate the flaws of the legal analysis used in denying a trustee's ability to assert IRC section 121 exclusion; Maximum exclusions allowed by IRC section 121 exclusion...
(3) For exclusion from gross income of gain from involuntary conversion of principal residence, see section 121.
Sec. 1202 qualifications.(IRC section 1202, capital gains tax exclusion)Flynn, Maura P