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TREAS/IRS RIN: 1545-BB02 Publication ID: Fall 2002 
Title: ●Reduced Exclusion of Gain from Sale or Exchange of Principal Residence (Temporary) 
Abstract: This regulation provides guidance on when a taxpayer who has not owned and used the property for two years or who has claimed the exclusion within the last two years is eligible to claim a reduced exclusion under section 121(c). 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 26 CFR 1   
Legal Authority: 26 USC 121    26 USC 7805   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Temporary Regulation  12/00/2002    
Additional Information: REG-138882-02 Drafting attorney: Sara P. Shepherd (202) 622-4960 Reviewing attorney: George Baker (202) 622-4930 Treasury attorney: Elizabeth Askey (202) 622-0224 CC:IT&A
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
Related RINs: Related to 1545-BB01 
Agency Contact:
Sara P. Shepherd
Attorney-Advisor
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 4231,
Washington, DC 20224
Phone:202 622-4960