Debra and Andrew are getting divorced after 16 years of marriage. One of the assets to be distributed is their principal residence, which they have owned for 15 years. Assume that the federal tax law in effect assesses a capital gains tax of 15 percent on gains above \($250,000,\) if sold by a single person and 15 percent on the gain above \($500,000\) for married couples, if the couple sells the house during a year in which they file a joint income tax return. The tax basis of their house is \($375,000,\) and houses similar to theirs that have recently sold in their neighborhood have fetched prices between \($900,000\) and \($1,300,000.\) (Assume they will have owned and used their home as their main home for at least two years out of the five years prior to the earliest date they contem- plate selling the residence.) 

Required 

If Debra and Andrew want to maximize the amount of marital assets to be distributed, what would you recommend?