Exam term
Nonqualified use
Use that is not as a principal residence; gain allocated to it can be ineligible for exclusion, with statutory exceptions. Gain from depreciation adjustments after May 6, 1997 also cannot be excluded.
Exam term
Use that is not as a principal residence; gain allocated to it can be ineligible for exclusion, with statutory exceptions. Gain from depreciation adjustments after May 6, 1997 also cannot be excluded.