California Withholding Law Revised Again
property at a loss, (4) sale of the property as part of an IRC 1031 exchange, and (5) sale of the property because of an involuntary conversion (a government taking) and seller will replace the property under IRC 1033.
: This law adds another certifiable exemption--the last use of the property sold was as seller's principal residence, even if the seller does not meet the 2 out of the last 5 years requirement or one of the special circumstances as enumerated in IRC 121.
By---J.K.
: This law adds another certifiable exemption--the last use of the property sold was as seller's principal residence, even if the seller does not meet the 2 out of the last 5 years requirement or one of the special circumstances as enumerated in IRC 121.
By---J.K.
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