Taxpayer Owns a Home in Atlanta

question 195

True/False

Taxpayer owns a home in Atlanta.His company transfers him to Chicago on January 2, 2012, and he sells the Atlanta house in early February.He purchases a residence in Chicago on February 3, 2012.On December 15, 2012, taxpayer's company transfers him to Los Angeles.In January 2013, he sells the Chicago residence and purchases a residence in Los Angeles.Because multiple sales have occurred within a two-year period, § 121 treatment does not apply to the sale of the second home.

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Definitions:

Standard Form O

A categorical proposition of the form "Some S are not P," representing a specific type of statement in traditional logic.

Subject

In grammar, the noun, pronoun, or noun phrase that performs the action of or acts upon the verb. In philosophy, an individual observer or agent experiencing and perceiving phenomena.

Predicate

This section of a sentence or clause involves a verb and asserts something about the subject.

Particular Affirmative

A type of categorical proposition that asserts that at least one member of a category has a specific property.