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REVENUE REGULATIONS NO. 13-99

REVENUE REGULATIONS NO. 13-99

RR 13-99 | 1999-07-26

SUBJECT : Exemption of Certain Individuals from the Capital Gains Tax on the Sale, Exchange or Disposition of a Principal Residence under Certain Conditions

TO : All Internal Revenue Officers and Others Concerned 

SECTION 1. Scope.  Pursuant to Section 244, in relation to Section 24(D)(2) of the National Internal Revenue Code of 1997 , these Regulations are hereby promulgated to govern the exemption of a citizen or a resident alien individual from capital gains tax on the sale, exchange or disposition of his principal residence.   

SECTION 2. Definition of Terms.  For purposes of these Regulations, the following items...