Glossary · IRC §121 · 26 U.S.C. §121
IRC §121
The Exclusion — Section 121 excludes up to $250,000 or $500,000 of gain on a principal residence sale
In the Guide
This section is treated in Chapter 12, Chapter 2, Chapter 13, Chapter 21. The published chapter summary is the source of the definition above. The full reasoning, citations, and worked examples are in the book.
Related in this chapter
- IRC §199A — Qualified business income deduction
- IRC §469 — Passive activity loss rules
- IRC §1014 — Section 1014 step-up
- IRC §1031 — The Mechanics of Deferral
- IRC §1250 — Unrecaptured Section 1250 gain
Cite as: Diaz, Paul D. THE TAX CUTTERY® Guide to Federal Income Taxation, Professional Edition, Chapter 12: Real Estate — The Tax-Advantaged Engine of American Prosperity. IRC §121 (26 U.S.C. §121). taxguide.tax/irc/121
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