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

---
identifier: "/us/fr/03-3091"
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: "03-3091"
section_name: "Exclusion of Gain From Sale or Exchange of a Principal Residence; Correction"
positive_law: false
currency: "2003-02-07"
last_updated: "2003-02-07"
format_version: "1.1.0"
generator: "[email protected]"
agency: "Treasury Department"
document_number: "03-3091"
document_type: "rule"
publication_date: "2003-02-07"
agencies:
  - "Treasury Department"
  - "Internal Revenue Service"
cfr_references:
  - "26 CFR Part 1"
rin: "1545-AX28"
fr_citation: "68 FR 6350"
fr_volume: 68
docket_ids:
  - "TD 9030"
effective_date: "2002-12-24"
fr_action: "Correction to final regulations."
---


#  [Corrected]

**AGENCY:**

Internal Revenue Service (IRS), Treasury.

**ACTION:**

Correction to final regulations.

**SUMMARY:**

This document contains corrections to final regulations that were published in the *Federal Register* on Tuesday, December 24, 2002 (67 FR 78358), relating to the exclusion of gain from the sale or exchange of a taxpayer's principal residence.

**DATES:**

This correction is effective December 24, 2002.

**FOR FURTHER INFORMATION CONTACT:**

Sara Paige Shepherd, (202) 622-4960 (not a toll-free number).

**SUPPLEMENTARY INFORMATION:**

**Background**

The final regulations that are the subject of these corrections are under section 121 of the Internal Revenue Code.

**Need for Correction**

As published, these final regulations contain errors that may prove to be misleading and are in need of clarification.

**26 CFR Part 1**

**Correction of Publication**

Accordingly, the publication of final regulations (TD 9030), that were the subject of FR Doc. 02-32281, is corrected as follows:

§ 1.121-4

1. On page 78366, column 3, § 1.121-4(e), the language “(4) Example. The  provisions of this” is corrected to read “(3) Example. The provisions of this”.

Cynthia E. Grigsby,

Chief, Regulations Unit, Associate Chief Counsel (Procedure and Administration).