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Home > Personal Income Tax Planning > Total Devastation-Damage to a Residence and Eligiblity for Section 121 - Ed Zollars
Podcast: Personal Income Tax Planning
Episode:

Total Devastation-Damage to a Residence and Eligiblity for Section 121 - Ed Zollars

Category: Business
Duration: 00:00:00
Publish Date: 2007-08-30 22:55:05
Description:

This PodCast is about Code Section 121. 

The IRS released a Chief Counsel Advice (CCA 200734021) that dealt with how to interpret the language found in Section 121(d)(5) that, in certain cases, will allow a taxpayer to treat a residence that is destroyed as if it were sold for purposes of ignoring up to $250,000/$500,000 of gain under Section 121(a).

The materials for this podcast can be  found at http://www.edzollars.com/2007-09-01_Residence.pdf .



This Podcast is sponsored by Leimberg Information Services, Inc. at http://www.leimbergservices.com

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