pk305
Beach Fanatic
UPDATE: provision NOT passed into law
FOLLOWING UP on this previous discussion....this proposed provision did NOT become law.
The provision of HR 3648 referred to ----
(Under the bill, if a taxpayer moves their principal residence to a second home, the taxpayer will only be able to utilize this exclusion to the extent that it relates to the period of time when the home was first used as a principal residence)
This provision WAS NOT actually passed into law. It is true that it was in the version of the bill which was introduced and passed by the House of Representatives, but it was struck out in the Senate and never made it to the final version signed into law.
FOLLOWING UP on this previous discussion....this proposed provision did NOT become law.
The provision of HR 3648 referred to ----
(Under the bill, if a taxpayer moves their principal residence to a second home, the taxpayer will only be able to utilize this exclusion to the extent that it relates to the period of time when the home was first used as a principal residence)
This provision WAS NOT actually passed into law. It is true that it was in the version of the bill which was introduced and passed by the House of Representatives, but it was struck out in the Senate and never made it to the final version signed into law.