66 FR 49 pg. 14512 - Exclusion of Gain From Sale or Exchange of a Principal Residence; Correction
Type: PRORULEVolume: 66Number: 49Page: 14512
Docket number: [REG-105235-99]
FR document: [FR Doc. 01-5959 Filed 3-12-01; 8:45 am]
Agency: Treasury Department
Sub Agency: Internal Revenue Service
Official PDF Version: PDF Version
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[REG-105235-99]
RIN 1545-AX28
Exclusion of Gain From Sale or Exchange of a Principal Residence; Correction
AGENCY:
Internal Revenue Service (IRS), Treasury.
ACTION:
Correction to notice of proposed rulemaking and notice of public hearing.
SUMMARY:
This document contains corrections to a notice of proposed rulemaking and notice of public hearing that was published in the Federal Register on Tuesday, October 10, 2000 (65 FR 60136) relating to the exclusion of gain from the sale or exchange of taxpayer's principal residence.
FOR FURTHER INFORMATION CONTACT:
Sara P. Shepherd at (202) 622-4910 (not a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The notice of proposed rulemaking and notice of public hearing that is the subject of these corrections is under section 121 of the Internal Revenue Code.
Need for Correction
As published, the notice of proposed rulemaking and notice of public hearing contains errors that may prove to be misleading and are in need of clarification.
Correction of Publication
Accordingly, the publication of the notice of proposed rulemaking and notice of public hearing (REG-105235-99), that was the subject of FR Doc. 00-25482, is corrected as follows:
§ 1.121-1 [Corrected]
1. On page 60139, column 1, § 1.121-1, paragraph (f), Example 9 , third line from the bottom of the paragraph, the language "$5,000 of which adjusted net capital gain). J" is corrected to read "$5,000 of which is adjusted net capital gain). J".
§ 1.121-2 [Corrected]
2. On page 60139, column 2, § 1.121-2, paragraph (b)(3), Example 1 , line three, the language "sale is $256,000. A and B meet the" is corrected to read "sale is $256,000. H and W meet the".
Cynthia E. Grigsby,
Chief, Regulations Unit, Office of Special Counsel (Modernization and Strategic Planning).
[FR Doc. 01-5959 Filed 3-12-01; 8:45 am]
BILLING CODE 4830-01-P