학술논문
Application of IRC Section 121 for Financial Service Professionals.
Document Type
Article
Source
Subject
*Professions
*Financial services industry
*Home sales
*Financial planners
*Tax planning
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Language
ISSN
1537-1816
Abstract
The complexities involved in advising clients on the sale of their home can often become very challenging, but the rewards in terms of tax savings can be worth the effort. Understanding the nuances of IRC Section 121 can aid the advisor in developing the best planning strategy for each specific situation involved in selling a residence. The following overview of Section 121 along with the situational planning scenarios are intended to highlight some of the significant provisions that can be utilized by financial planners and advisors. [ABSTRACT FROM AUTHOR]