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Allie is married and she sold her principal residence in California for $1,250,000 in 2019. Her adjusted basis in the house was $650,000. How much

Allie is married and she sold her principal residence in California for $1,250,000 in 2019. Her adjusted basis in the house was $650,000. How much gain does she recognize assuming she files MFJ? Multiple Choice $1,250,000 $50,000 $100,000 $600,000

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