Am I required to attach schedule D if the gain for the sale of my home can be totally excluded under section 121?

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1. Licensed in CA

   

   Curtis Harrington

   Long Beach Tax Lawyer

   Contributor Level 20

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   Answered February 27, 2013 17:09. If this item is discovered 5 years from now and assigned a 6 year statute of limitations and you have to do an audit will you be ready? Are you willing to risk this for the sake of a 0.2 oz piece of paper?
   
   Is there some reason that you DON'T want the 3 year statute of limitations to start running?
   
   Are you actively trying to provoke an audit?
   
   over a 0.2 oz sheet of paper?
   
   
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2. Licensed in CA

   

   Bruce Givner

   Los Angeles Tax Lawyer

   Contributor Level 16

   Answered March 02, 2013 09:44. No. But why not do so, as the learned Mr. Harrington has already advised?

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