Kendra owns a home in Atlanta. Her company transfers her to Chicago on January 2, 2024, and she sells the Atlanta house in early February 2024. She purchases a residence in Chicago on February 3, 2024. On December 15, 2024, Kendra's company transfers her to Los Angeles. In January 2025, she sells the Chicago residence and purchases a residence in Los Angeles. Because multiple sales have occurred within a two-year period, § 121 treatment does not apply to the sale of the second home. True False