SECTION 6. OBTAINING AND

Internal Revenue Bulletin 1998-7 · 2026-10-03 edition · updated 2026-10-04 · United States

RETAINING SELLER CERTIFICATION

.01 General rule. Except as provided in section 6.02 of this revenue procedure, the real estate reporting person may obtain a certification at any time on or before January 31 of the year following the year of the sale or exchange of the residence. The certification must be retained by the real estate reporting person for 4 years after the year of the sale or exchange of the residence to which the certification applies.

.02 Transition rule. For a sale or exchange of a residence occurring after May 6, 1997 and on or before December 31, 1997, the real estate reporting person may obtain a certification at any time on or before February 28, 1998.

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▸Contents — Internal Revenue Bulletin 1998-7

Internal Revenue Bulletin 1998-7

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