adjusted sales price
Defined in 1 place of the United States Code.
For purposes of this section, the term “adjusted sales price” means the amount realized, reduced by the aggregate of the expenses for work performed on the old residence in order to assist in its sale.
Source
- 1994–present26 U.S.C. § 1034Internal Revenue Code · Repealed. Pub. L. 10534, title III, 312(b), Aug. 5, 1997, 111 Stat. 839] · for purposes of this section