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A taxpayer purchased a home in the summer of 2017 for $168,000. They sold the house and moved on to a different one in the
A taxpayer purchased a home in the summer of 2017 for $168,000. They sold the house and moved on to a different one in the spring of TY2019 with a sales price of $275,000. Previous to home ownership, they had been renting. The sale and move were voluntary. What amount of gain can they exclude? 0 107000 168000 0 275000
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