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3 pts A single taxpayer sold his home on March 4 of the current year for $600,000. He originally bought the home for $300,000. He

3 pts A single taxpayer sold his home on March 4 of the current year for $600,000. He originally bought the home for $300,000. He owned and lived in the house for 10 years. What is the amount of gain he must recognize on the sale of his home

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