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Alex, a single taxpayer, bought his home 20 years ago for $50,000. He has lived in the home continuously since he purchased it. In 2021,

Alex, a single taxpayer, bought his home 20 years ago for $50,000. He has lived in the home continuously since he purchased it. In 2021, he sells his home for $350,000. What is Alex's taxable gain on the sale?

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