Taxpayers who sold their main home
prior to May 7, 1997, use form 2119, even if they had a loss and
whether or not they replaced the home. The form is also used by
taxpayers age 55 or older who elect to exclude the gain on the sale
of their main home. The information is used to determine whether or
not the sale has been reported correctly. Due to changes made to
IRC section 121 by the Taxpayer Relief Act of 1997, form 2119 will
be eliminated for 1998 and subsequent years.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.