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K Currently Owns Two Residences

question 44

True/False

K currently owns two residences.She lived in the first from January 1, 20X1 until June 30, 20X4.She lived in the second from July 1, 20X4 until June 30, 20X6.Both residences have been owned since January 1, 20X1 and were either rented or vacant when not occupied by K.K can sell both residences on June 30, 20X6 and exclude her entire gain.

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