Shouldn’t individuals who can be determined to have routinely (many back-to-back exclusions) used the “primary residence exclusion” as a means of generating a stream of tax-free income over the last decade be subject to back-taxes and penalties?
Why not simply audit and make these swindlers pay their fair share?
Why not demand income taxes on these obvious streams of revenue?
Isn’t this tax evasion? Where is the IRS?