#40 Transcribed image text: home. On July 1, 2022, he sold the home and realized a $195,000...

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Transcribed image text: home. On July 1, 2022, he sold the home and realized a $195,000 gain. What amount of the gain is Ethan allowed to exclude from his gross income? Multiple Choice $185,000 $156,000 $195,000 so against ordinary income in the year? Multiple Choice $16,100 $10,100 $6,000 \$0

Posted Date: Jun 03, 2024 12:07 PM

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#40 Transcribed image text: home. On July 1, 2022, he sold the home and realized a $195,000...

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