After completing this unit, you should be able to: Determine whether a home is considered a principal residence, a residence (not principal), or a nonresidence for tax purposes, compute the taxable gain on the sale of a residence and explain the requirements for excluding the gain on the sale, determine the amount of allowable interest expense deductions on loans secured by a residence,. | Lecture Taxation of individuals and business entities 2015 (6/e) - Chapter 14: Tax consequences of home ownership
