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If There Is an Involuntary Conversion (I

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If there is an involuntary conversion (i.e., casualty, theft, or condemnation) of the taxpayer's principal residence, the realized gain may be postponed as a § 1033 involuntary conversion and/or excluded as a § 121 sale of a principal residence.


Definitions:

Stereoscopic Vision

The ability to perceive depth and three-dimensional structure from visual information in two dimensions by combining images from both eyes.

Binocular Inversion

A visual phenomenon where the perception of an object is flipped to appear upside down when viewed through binocular cues, highlighting the brain's role in interpreting sensory information.

Retinal Disparity

A phenomenon in vision science where the minor differences between the images perceived by each eye contribute to depth perception.

Cognitive Style

A characteristic mode of processing information, perceiving, and problem-solving, which can vary among individuals.

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