Home Sale Tax Fairness Act of 1993

Home Sale Tax Fairness Act of 1993 - Amends the Internal Revenue Code to require gain recognized on the sale or exchange after December 31, 1993, of a principal residence to be reduced by the aggregate losses sustained on the sale or exchange, after the date of enactment of this Act, of prior principal residences of such individual which were not allowed as a deduction and which were not previously taken into account.