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Exclusion of Gain From Sale or Exchange of a Principal Residence; Correction

---
identifier: "/us/fr/01-5959"
source: "fr"
legal_status: "authoritative_unofficial"
title: "Exclusion of Gain From Sale or Exchange of a Principal Residence; Correction"
title_number: 0
title_name: "Federal Register"
section_number: "01-5959"
section_name: "Exclusion of Gain From Sale or Exchange of a Principal Residence; Correction"
positive_law: false
currency: "2001-03-13"
last_updated: "2001-03-13"
format_version: "1.1.0"
generator: "[email protected]"
agency: "Treasury Department"
document_number: "01-5959"
document_type: "proposed_rule"
publication_date: "2001-03-13"
agencies:
  - "Treasury Department"
  - "Internal Revenue Service"
cfr_references:
  - "26 CFR Part 1"
rin: "1545-AX28"
fr_citation: "66 FR 14512"
fr_volume: 66
docket_ids:
  - "REG-105235-99"
fr_action: "Correction to notice of proposed rulemaking and notice of public hearing."
---

#  [Corrected]

**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

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

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).