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23. Milton and Maxine Miller purchased a 24 (9) OTTO 20 home in New York City for $350,000 on blood on October 1, 2018. Milton

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23. Milton and Maxine Miller purchased a 24 (9) OTTO 20 home in New York City for $350,000 on blood on October 1, 2018. Milton obtained a job in basin Richmond, Virginia, and on December 1, sidio 2019, the Millers sold their home in New ninud on no York for $550,000. a. How much gain can the Millers exclude od 000 Dags and how much is recognized?bs.000.000 diseb. Assume that the Millers instead sold be assis borib their home on December 1, 2019, for g o 210 only $750,000. How much gain can thens basilise d baih Millers then exclude and how much is aienda 21 sus recognized?bre 2 20

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