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Reformat code
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@ -1,16 +1,17 @@
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@@Section 121@@
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@@Begin metadata@@
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/*
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declaration structure Period:
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data begin content date
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data end content date
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declaration scope Section121:
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context income_excluded_from_gross_income_uncapped content amount
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context income_excluded_from_gross_income content amount
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context gain_from_sale_or_exchange_of_property content amount
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context income_excluded_from_gross_income_uncapped content money
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context income_excluded_from_gross_income content money
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context gain_from_sale_or_exchange_of_property content money
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context joint_return condition
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context gain_cap content amount
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context gain_cap content money
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context return_date content date
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context date_of_sale_or_exchange content date
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context property_ownage content collection Period
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@ -21,6 +22,7 @@ declaration scope Section121:
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context aggregate_periods_from_last_five_years content duration
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depends on collection Period
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*/
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@@End metadata@@
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@(a) Exclusion@
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@ -35,22 +37,20 @@ residence for periods aggregating 2 years or more.
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scope Section121:
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# Here we aggregate over all the periods of the collection. For
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# each period, three cases:
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# - either the period began less that 5 years ago in which case
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# we count if full
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# - either the period ended more that 5 years ago in which case
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# we don't count it
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# - either the period began less that 5 years before the
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# date_of_sale_or_exchange in which case we count if full
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# - either the period ended more that 5 years before the
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# date_of_sale_or_exchange in which case we don't count it
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# - either the 5 years mark is inside the period and we only
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# cound the half after 5 years
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definition aggregate_periods_from_last_five_years of periods equals
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sum for period in periods of
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max of (
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(
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if date_of_sale_or_exchange - period.begin >= 5 year then
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period.end - (period.end - 5 year)
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else period.end - period.begin
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),
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0
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)
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sum duration for period in periods of (
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if date_of_sale_or_exchange -@ period.begin <=^ 5 year then
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period.end -@ period.begin
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else (if date_of_sale_or_exchange -@ period.end >=^ 5 year then
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0 day
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else (period.end -@ date_of_sale_or_exchange))
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)
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definition income_excluded_from_gross_income_uncapped under condition
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aggregate_periods_from_last_five_years of property_ownage >= 730 day and
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@ -78,7 +78,7 @@ scope Section121:
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# priority. We should extend the semantics to reflect that.
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definition income_excluded_from_gross_income under condition
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income_excluded_from_gross_income_uncapped >= gain_cap
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equals to gain_cap
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consequence equals gain_cap
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*/
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@(2) Special rules for joint returns@
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@ -109,13 +109,13 @@ respect to such property by reason of paragraph (3).
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/*
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scope Section1 under condition
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joint_return and year of date_of_sale_or_exchange = year of return_date:
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joint_return and get_year of date_of_sale_or_exchange = get_year of return_date:
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# This rule has priority over the over rule defining gain_cap
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definition gain_cap under condition
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# i)
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# ii)
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# iii)
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definition gain_cap under condition true
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# i) TODO
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# ii) TODO
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# iii) TODO
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consequence equals $500,000
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*/
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