Regulation & law · 10/10/2000

IRS Proposes Changes to Exclusion of Gain from Sale or Exchange of Primary Residence

The Internal Revenue Service has released proposed regulations that would modify the exclusion of gain from the sale or exchange of a taxpayer's primary residence, reflecting changes made by the Taxpayer Relief Act of 1997 and the Internal Revenue Service Restructuring and Reform Act of 1998, primarily impacting taxpayers who sell or exchange their primary residences.