Question
Adam and Tori got married and bought a house 15 months ago. Toris job recently transferred her to an office in a different state, so
Adam and Tori got married and bought a house 15 months ago. Toris job recently transferred her to an office in a different state, so Adam and Tori sold their house. What is the maximum amount of gain from the sale of the personal residence that Adam and Tori can exclude from income taxation?
| $0 |
| $250,000. |
| $312,500. |
| $500,000. |
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Tax Audit Techniques In Cash Based Economies A Practical Guide
Authors: Sheikh Sajjad Hassan
2nd Edition
0955354048, 978-0955354045
